What Is the Real Value of $100 in Metropolitan Areas?
The differences in purchasing power can be large and they have significant implications for the relative impact of economic and tax policies across the United States.
Nevada Tax Rates, Collections, and Burdens
How does Nevada’s tax code compare? Nevada does not have an individual income tax. Nevada does not have a corporate income tax but does levy a gross receipts tax. Nevada has a 6.85 percent state sales tax rate, a max local sales tax rate of 1.53 percent, and an average combined state and local sales tax rate of 8.23 percent. Nevada’s tax system ranks 7th overall on our 2023 State Business Tax Climate Index.
Each state’s tax code is a multifaceted system with many moving parts, and Nevada is no exception. The first step towards understanding Nevada’s tax code is knowing the basics. How does Nevada collect tax revenue? Click the tabs below to learn more! You can also explore our state tax maps, which are compiled from our annual publication, Facts & Figures: How Does Your State Compare?
Tax Data by State
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