Re: Tax Laws in 2022 are changing
Federal tax is everywhere and unavoidable. Even expats who no longer live in the US have to pay federal income tax.. for whatever reason. Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming have no state income tax. So if you form your business in one of those states you have one less tax bill.
Since having kids I never have to pay anything to the state anyway but I can certainly see the benefits.
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