Question about setting up a corporation in Nevada

[Will Kern]

Can someone explain this to me?

In "Rich Dad, Poor Dad," Robert Kiyosaki says "The reason I minimize my income is I don't want to pay it to the government. That is why my income comes through my asset column, through a Nevada corporation. If i work for money, the government takes it."

Do you get some kind of federal tax break for setting up a corporation in Nevada?

[Ned Carey]

@Will Kern no I can't, he gives some incorrect and misleading advice sometimes.  It looks like he is greatly over simplifying three separate things.

Nevada is a great state along with Montana for forming companies - That do business in Nevada or Montana!  

Most of the advantages are lost when you register your Nevada or Montana company to do business in a different state. And no you do not get to skip federal income tax just because you have a Nevada company.