1. If Joe has a business grossing $300,000 yearly located in Massachusetts, and that business would have the same gross when relocated anywhere else, then is it wise to relocate the business to Las Vegas, since the state of Nevada has the lowest tax rate in the nation?
2. If so, then when would be the latest time he could relocate and avoid Massachusetts tax? (for example, if he relocates the business by March, then does he pay tax for Massachusetts for 3 months, and Nevada tax for 9 months, or will he be able to avoid Massachusetts tax entirely and only pay Nevada taxes?)
COLUMBUS