South Dakota State Taxes:
The South Dakota business climate is Number One in the nation for entrepreneurs according to the Small Business Survival Index. Our overall tax burden is also the best in the country according to Forbes Magazine and the Pacific Research Institute. This section reviews the few business taxes and costs your company will have to pay in South Dakota.
South Dakota Ranking:
The South Dakota entrepreneur has a competitive edge over all his/her business counterparts in the United States. The South Dakota business person enjoys:
The Numbers Tell Our Story
We know South Dakota is a great place to live, work and run a business. But you don't have to take our word for it! Check out South Dakota's rankings. We are consistently among the top, according to institutions like the Tax Foundation, the Small Business & Entrepreneurship Council, CNBC, among others!
No corporate income tax
Retire In South Dakota:
South Dakota is a great place to retire for many reasons. For starters, it has a very attractive tax structure and a diversified economy. The cost of living is low. For people who love the outdoors there is always something to do.
Economy and Housing Prices:
The economy is diversified thanks to the many corporations who have moved operations here to take advantage of its zero taxes. State median home price was $164,900 in early 2012, lower than the national average (Zillow.com). According to Zillow.com the median price of a home in Sioux Falls was $144,500 at the end of 2011. The cost of living there was 86.
South Dakota has one of the country's lowest tax burdens, 7.9%. There is no individual or corporate income tax. It is the #1 best state from a corporate tax viewpoint. There is a 4% sales tax, which is below average. The property tax burden is in the middle of the pack. South Dakota does not have inheritance or estate taxes.
No personal income tax
No personal property tax
No business inventory tax
No inheritance tax
South Dakota Rankings
South Dakota 50 State Comparison
America's Best States to Live - South Dakota
South Dakota's Unique Tax Landscape