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Old 09-17-2007, 07:37 PM
 
Location: Buffalo NY
414 posts, read 1,505,287 times
Reputation: 161

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It seems the more I read and research Las Vegas The more I see 'Association fees' and the like. It seems they are quite similar to taxes, They are municipality fees associated with master plans or neighborhood alliances collected for the common good. Is that not a local tax? Please help me understand this anyone.

Also When I relocate within three months I will decide whether or not to start a business venture there or just fall in line with working for someone else. Any general pitfalls I should know about?
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Old 09-19-2007, 06:22 PM
 
Location: Buffalo NY
414 posts, read 1,505,287 times
Reputation: 161
Oooh its nice to see all the natives are staying away from this one.
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Old 09-20-2007, 09:10 AM
 
Location: Beautiful Upstate NY!
13,814 posts, read 28,493,779 times
Reputation: 7615
Silence must say it all!

I don't believe you can deduct these "taxes" on your IRS return. Also, I think these "taxes" end up in private hands, not benefitting the general good. In NY we pay state taxes....but we've got good schools. In NV...no state taxes...and their schools are ranked 49th...one from the bottom. IMO, if you don't invest in the future by educating your youngest residents, the area will be doomed.
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Old 09-20-2007, 09:59 AM
 
Location: NW Las Vegas - Lone Mountain
15,756 posts, read 38,197,261 times
Reputation: 2661
Quote:
Originally Posted by mikesuicide View Post
It seems the more I read and research Las Vegas The more I see 'Association fees' and the like. It seems they are quite similar to taxes, They are municipality fees associated with master plans or neighborhood alliances collected for the common good. Is that not a local tax? Please help me understand this anyone.

Also When I relocate within three months I will decide whether or not to start a business venture there or just fall in line with working for someone else. Any general pitfalls I should know about?

They are matters of private contract. You don't want an HOA don't buy in one. They are now common and will become more so as the government entities involved basically require them.

Nevada and Las Vegas are quite friendly to small business. Standard business license and such but generally low hassle.
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Old 09-20-2007, 06:35 PM
 
Location: Henderson, NV 89012
697 posts, read 3,278,822 times
Reputation: 192
Quote:
Originally Posted by jfkIII View Post
Silence must say it all!

I don't believe you can deduct these "taxes" on your IRS return. Also, I think these "taxes" end up in private hands, not benefitting the general good. In NY we pay state taxes....but we've got good schools. In NV...no state taxes...and their schools are ranked 49th...one from the bottom. IMO, if you don't invest in the future by educating your youngest residents, the area will be doomed.
Taxes are not the reason schools are bad. Mississippi (I sang it as I typed it)has taxes and they hold the 50th spot. New Mexico has taxes and they held the title of America's Dumbest state for three years, now the honor has gone to Arizona, who also has taxes.

Here in Wyoming, we have great schools and we don't have a state income tax. Nor do alot of us pay Social Security taxes. We fund our schools through traffic citations. If you have ever recieved a traffic ticket in Wyoming, thank you for helping our schools. This state manages it's money very much like an old penny pincher. That is why Wyoming has a billion dollar surplus every year, but it is also why we are 50th in population and why our state employees are some of the lowest paid in the country.
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Old 09-21-2007, 09:03 AM
 
Location: Beautiful Upstate NY!
13,814 posts, read 28,493,779 times
Reputation: 7615
IMO, the LV casinos should be contributing more to the LV schools.
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Old 09-21-2007, 01:00 PM
 
Location: Henderson, NV 89012
697 posts, read 3,278,822 times
Reputation: 192
I agree completely
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Old 09-21-2007, 01:46 PM
 
Location: Santa Monica
4,714 posts, read 8,460,378 times
Reputation: 1052
It's dumb to think of HOA dues as a tax. They are DUES in that they are the price of a membership in a private association. It's part of the cost of living in one place versus another. Each person must decide whether that cost is balanced by some benefit.
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