What's the best state to live in for tax purposes as a day trader?

Discussion in 'Taxes and Accounting' started by Syzlex, Apr 10, 2020.

  1. Syzlex

    Syzlex

    I heard Nevada and New Hampshire are good states when it comes to tax as a trader. Not that it's a big deal at the moment but I'm curious what everyone thinks.


    (Heard Puerto Rico is good as well, though not a state)
     
  2. kalinka

    kalinka

     
  3. kalinka

    kalinka

    Monaco. Zero tax, excellent infrastructure and healthcare.
    Good climate and the French and Italian Riviera by your feet.
     
    dealmaker likes this.
  4. Turveyd

    Turveyd

    UK Spot account, which is just as good as proper account pretty much and Zero tax as it's classed as Gambling :)

    Monaca sounds much much much nicer mind.
     
  5. trader99

    trader99

    Monoca is expensive. Home to the billionaires.
     
  6. Edmond

    Edmond

    Dozu lives there
     
    _eug_ and trader99 like this.
  7. wartrace

    wartrace

  8. Atikon

    Atikon

    Cyprus
     
    Last edited: Apr 10, 2020
  9. wrbtrader

    wrbtrader

  10. Sig

    Sig

    Strive to be successful enough that you can live wherever you want simply because it's the place you want to live, not to be a slave to your money to the point that even the place you live is determined by someone else. If you make enough, the difference in state tax rates are irrelevant to your happiness in life. But living in Nevada if you don't have some kind of affinity for it can certainly impact your happiness!
     
    #10     Apr 10, 2020