Leaders in the Democratic majority during the 2011 state legislative session proposed a dramatic change to Nevada’s tax system: Phase out the Modified Business Tax — a tax on private-sector payroll — and replace it with a new, larger levy modeled after Texas’ business margin tax. The effort gained so little traction in Carson City that the Democratic leadership, embarrassed, … [Read more...] about Texas Margin Tax: Always a Bad Idea: Margin Tax is More Destructive than Alternatives
AFL-CIO
The Dreaded “R” Word —- Revenues
There is no doubt that Nevada has been one of the hardest hit economies not only in the United States, but even the world. Our double-digit unemployment rate is the highest in the nation month after month – exceeding even Greece’s unemployment. Our housing market is second only to Detroit’s, with more than 70 percent of Las Vegas area mortgages under water and no signs of … [Read more...] about The Dreaded “R” Word —- Revenues