How sales taxes affect the choice of legal domicile for small businesses

Attorney and CPA Chad D. Cummings presents this powerful presentation on the Tax Foundation's 2026 state and local sales tax data that most business owners overlook. While everyone focuses on income tax and property tax, the combined sales tax burden adds another heavy layer in high tax states. California hits 8.99 percent combined sales tax on top of its 13.3 percent top income tax rate. New York, Illinois, and New Jersey pile on similarly punishing rates across multiple tax types. In contrast, Florida offers a 6.98 percent combined sales tax with zero state income tax, and Texas has an 8.20 percent combined sales tax rate with zero state income tax protected by its constitution. This presentation shows how these stacked taxes destroy wealth for business owners operating pass through entities and why moving your company to a new state can change everything. Learn how redomestication lets you legally transfer your company's domicile to Florida or Texas without creating a new entity, without dissolution, and on a completely tax free basis while keeping your FEIN, contracts, credit history, and bank accounts fully intact. If you are tired of paying double trouble in taxes, this presentation reveals the smart strategic move every business owner in a high tax state should consider. Learn more: https://www.cummings.law/redomestication/