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Nevada

Talk of Business Tax at Nevada Legislature Waning

setting_sunHave you heard talk of a business tax being mulled around in Carson City?  Steve Sebelius offered light of hope that a deal on some kind of business tax may be made in the first 40 days of the legislature instead of the measure going to the ballot in 2014.

However, Jon Ralston later suggested that the corporate margins tax was all but killed when Assembly Speaker Marilyn Kirkpatrick stated the legislature should look to a services tax instead.

Speaker Kirkpatrick likely has her reasons, whether practical or political.  No doubt she’s working in difficult conditions up there with a 2/3 requirement on new taxes and a Republican governor to boot.

Circumstances aside, the current tax structure in Nevada is unquestionably regressive, and a new tax on services would only make that worse.

Nevada_Tax_Infographic

Shouldn’t our system of taxation be fair?  When I say fair, I mean that people of lower incomes don’t pay a higher percentage of their incomes to taxes than those who make more.  The Nevada system is unjust, plain and simple.  Unfortunately for those at the bottom, they don’t have high-paid lobbyists representing their interests in Carson City.

Broad-based personal income taxes and business revenues taxes produce more stable and equitable tax systems currently in forty three states.  Unfortunately the politics at play in Nevada just aren’t going to make any transition to a just or stable tax system easy in Carson City.  Most local political pundits here would simply dismiss the idea as a pipe dream.

Perhaps someday when politicians don’t rely on campaign contributions from lobbyists to get elected, or worry about running for higher office, then they might worry about how laws affect average people.

About Justin McAffee:
Justin is the publisher The Nevada View, which has earned the recognition in the Washington Post’s “Best State-Based Political Blogs,” as well as being awarded the “Most Valuable Blogger Award” by the local CBS affiliate in 2011. Follow him on Twitter @McAffee

Discussion

3 Responses to “Talk of Business Tax at Nevada Legislature Waning”

  1. As I’ve not read the proposed tax yet, I can only hope small business will be protected against additional taxes. They daily fight against mega-businesses, fight to stay alive, and too many have been lost. I’d hate a world of box stores only and miss those unique little shops we used to have.

    Posted by White Hawk | February 6, 2013, 10:07 am
    • Completely agree White Hawk. I love the mom and pop shop. I’d be in favor of exempting any business netting less than X amount (whatever amount we find that’s reasonable for sustaining small businesses).

      Posted by Justin McAffee | February 6, 2013, 11:13 am

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  1. [...] about a business tax is waning in the Nevada Legislature; In case you missed it,  The Nevada View has a good summary, complete with a must see chart on taxation in the Silver State.  Buzzlzarownd [...]

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