Regular readers of Tax Foundation reports know that we publish estimates of the distributional impact of federal tax changes: that is, we estimate how a tax reform might affect the after-tax incomes of taxpayers at...
The facts on Nevada’s Tax Climate
Nevada's Individual Income Tax System
Nevada levies no individual income tax, joining six other states with the same policy: Alaska, Florida, South Dakota, Texas, Washington, and Wyoming.
50-State Table of Individual Income Tax Rates
50-State Table of State Individual Income Tax Collections
50-State Table of State and Local Individual Income Tax Collections Per Capita
Nevada's Corporate Income Tax System
Nevada levies no corporate income tax but does have a gross receipts tax called the Commerce Tax, with rates ranging from 0.0051 percent to 0.331 percent.
50-State Table of Corporate Income Tax Rates
50-State Table of State and Local Corporate Income Tax Collections Per Capita
50-State Table of State Corporate Income Tax Collections Per Capita
Nevada Sales and Excise Taxes
Nevada levies a 6.85% general sales or use tax on consumers, which is above the national median of 5.95%. The average local sales tax rate is an additional 1.1%. Nevada's state and local governments collect $1,425 per person in general sales taxes and $887 per person in excise taxes, for a combined figure of $2,312, which ranks 4th highest nationally. Nevada's gasoline tax stands at 33.85 cents per gallon, 10th highest nationally, while its cigarette tax stands at $1.80, 17th highest nationally.
50-State Table of State and Local General and Selective Sales Tax Collections Per Capita
Nevada Property Tax Collections Relatively Low
Nevada's state and local governments collected approximately $972 per person in property taxes in 2013, which ranks 35th nationally.
State and local property tax collections per capita by state
Tax Freedom Day Arrives on April 21st in Nevada
Tax Freedom Day is the day when Americans have finally earned enough money to pay off their total tax bill for the year. In 2016, Nevada taxpayers have to work until April 21st (30th earliest nationally) to pay their total tax bill.
Nevada's State and Local Tax Burden Ranks 43rd
Nevada's 2012 tax burden of 8.1% ranks 43rd highest in the nation, and is below the national average of 9.9%. Nevada's taxpayers pay $3,349 per capita in state and local taxes.
Nevada's State-Local Tax Burden, 1977-Present
Other States' State/Local Tax Burdens
Map of U.S. Showing all State's Burdens and Ranks
Historical Chart Comparing All States' State/Local Tax Burdens from 1977 to 2009
Nevada's 2016 Business Tax Climate Index Ranks 5th
Nevada ranks 5th on the Tax Foundation's State Business Tax Climate Index. The Index compares the states in five areas of taxation that impact business: corporate taxes (4th), individual income taxes (1st), sales taxes (39th), unemployment insurance taxes (42nd), and taxes on property (7th), including residential and commercial property.
State Business Tax Climate Index (full study)
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