In my last post I talked about the many reasons why it is financially attractive to choose Las Vegas as a retirement destination. I discussed why it makes financial sense from many vantage points to enjoy the golden years in our desert oasis. But what about Las Vegas if you are still in your prime earning years and have a strong entrepreneurial streak? What if you happen to have some great ideas and a knack for the business process? Or, what if you currently own and/or operate a small or medium size business and need to make the most of that opportunity? Here again, Las Vegas is an excellent choice. The State of Nevada has the fourth best tax climate for business in the nation according to the recently released 2011 rankings tabulated by the non-profit and nonpartisan Tax Foundation. Nevada has no corporate or individual income tax whatsoever and this is the primary factor that keeps us at the top of the rankings year after year. Who are the three states that beat us? The cold weather trio of South Dakota, Alaska and Wyoming ranked first, second and third. While it’s always prudent to save as much money as you can, it also has to be acknowledged that Las Vegas businesses and Las Vegas real estate enjoy certain advantages that go beyond taxation rates as compared to the great white north. If you take our number four ranking in the State Business Tax Climate Index and cross reference it with a weather-based State Climate Index … I think we come out even better!