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by antpicnic 5930 days ago
Move to Seattle. Washington state has no income tax or capital gains tax.
1 comments

I live in Seattle (except I am in Kuwait)

WA kind of sucks for tech businesses due to the B&O tax, which is a gross receipts tax. This doesn't hurt you until you have revenue, but if you're a low-margin business with huge revenue, it means you suffer, even if you're not profitable. (it's something like 0.5% on gross revenue).

NV is probably the best somewhat-viable-for-startup state (Las Vegas or Reno), but I'd rather live in Seattle, Portland, or SF if in the USA.

I kind of prefer Vancouver, WA for a tech startup, too, because then you can take advantage of the huge unemployed market of early-20s developers who moved to Portland, OR for lifestyle reasons, plus all the HP/Intel/etc. talent.

There are a lot of factors other than taxes which affect an individual startup, but taxes affect new business creation in aggregate.