Nevada Town Becoming Home to Billionaire Execs for Luxury Lifestyle and Zero Taxes
Lake Tahoe is easily one of the most beautiful places on earth, and with its year-round recreation and zero taxes on the Nevada side of the lake, it’s become paradise to several billionaires.
Incline Village in particular has attracted the attention of many tech and financial billionaires, according to a recent article, and Oracle’s Larry Ellison, PeopleSoft’s David Duffield and Zazove’s Gene Pretti, are among them. Nevada’s lack of state personal, business or corporate income tax offers extremely motivating incentives, while the serenity and recreational activities are also a huge draw.
“There are lots of great reasons to move to Nevada and Incline Village in particular,” says Trinkie Watson, CIPS, CLHMS, a real estate broker with Chase International who specializes in the Lake Tahoe region. “It’s a thriving community full of year-round residents, many of whom work from home thanks to technology.” Watson also stated, “Seasonal weather that includes snow in winter/spring for skiing and snowboarding, summer with lake and water activities, hiking, biking, golf and tennis, and a beautiful fall with changing colors. And for frequent travelers, the Reno-Tahoe International Airport is less than an hour away.”
Along with all the Lake has to offer, just a short drive away is the Reno-Sparks region, which is quickly transitioning into a manufacturing economy with about 100 new companies that have and continue to move into the area. A couple of the new companies include: Switch, the company that developed the Supernap, the world’s largest data center ecosystem and Tesla’s battery factory…