Tired of High Taxes? Move to Montana! Land of No Sales Tax & Low State Income Tax!
Montana does not charge tax on business purchases and there is no state or local excise tax on long distance telephone costs. Montana primarily uses property & income taxes to support public services. The lack of sales tax means that many people come to Montana to make large purchases - on cars, motorhomes, and even appliances & home electronics. One Montana retailer does a huge amount of business selling appliances & home electronics online because there is no sales tax, even when they ship to out-of-state customers. Montana does have an accomodations or "bed tax" of 7% however. This applies to all stays under 30 days in a hotel, vacation rental, or cabin. Individual State Taxes And, out of the 50 states, Montana ranks NUMBER SEVEN in income remaining after state and local taxes. Montanans have approx. 90.4% of their income left after paying state and local taxes - which is 8.5% more than the national average! Personal income tax in Montana is assessed at a rate of 2-8% of taxable income. General Business Taxes Montana levies a flat corporate tax of 6.75% of net income or $50 - whichever is greater. This compares with corporate tax rates of 9.3% IN California and 8% in Idaho. So if you're ready to live in Montana, contact Kevin & Monica Ray at Streamside Realty. We'll help make your Montana real estate dreams come true!
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Kevin & Monica Ray, Missoula, Superior & Western Montana Real Estate Specialists Streamside Realty Missoula, MT Cell Phone: (406) 207-1185 More information... Contact Kevin & Monica Ray, Missoula, Superior & Western Montana Real Estate Specialists |