Is Reno Nevada the tax haven of the United States?

Nevada, a Tax Haven for Only $174. The Panama ... In 2012 CNBC visited an enterprising, then 65-year-old man who lived in a truck stop town just outside Reno, Nevada. Robert ... Putting his assets into a Nevada LLC, in turn owned by a Nevada trust, would generate no U.S. tax returns, Penney wrote. read more

It is now moving the fortunes of wealthy foreign clients out of offshore havens such as Bermuda, subject to the new international disclosure requirements, and into Rothschild-run trusts in Nevada, which are exempt. The U.S. “is effectively the biggest tax haven in the world” —Andrew Penney, Rothschild & Co. read more

tax evasion is not legal, but there is no state income tax in Nevada, therefore your ahead of the game. But the real reason is the people and quality of life plus it is much cheaper than Calif. This page may be out of date. read more

The state offers tax benefits. It also removes much of the liability from the owner in case of a lawsuit. States such as Wyoming, South Dakota, and Delaware offer much the same benefits of incorporation as Nevada. read more