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Old 02-01-2011, 12:42 AM
 
Location: Earth, Sol System, Milky Way Galaxy, 3rd Dimension
67 posts, read 90,246 times
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I have been looking to possibly relocate to Las Vegas in the near future as my job is incredibly portable. The biggest draw of course is the low tax burden, especially the lack of a state income tax. However, I am hearing constant chatter that an income tax may be implemented in the near future due to the budget crisis. Is this mere idle speculation or is there something to it? Nevadans seem viscerally anti-tax so it seems unlikely to me at least.
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Old 02-01-2011, 01:00 AM
 
10,494 posts, read 23,187,791 times
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This has been discussed many times and it won't happen as it is prohibited by the state constitution. They will most likely raise other taxes soon. One thing they are now doing is overvaluing houses to get more property taxes.
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Old 02-01-2011, 01:06 AM
 
Location: The North
5,083 posts, read 9,098,164 times
Reputation: 4056
Reality is taxes have to be paid by someone. The talk of just cutting the budget is wishful think. There is certainly some room to cut, but the type of cuts needed to get into balance are horrendous. Schools are already a sad tale, if this keeps up it will add another layer of haves versus have nots as there will be a real market for more private schools while the public schools would drift into crap.

Fact of the matter is the state used to be a beacon of low taxes because there were half as many residents just 20 years ago. The smaller base could easily be taken care of by gaming. Now gaming can't cut it and yet many people act like gaming taxes should still be the provider for all. Its going to be an ugly decade coming up. Mining and businesses probably should be expected to pay more, but its easy to just say well a gaming tax increase could cover it. The government can only go to that well so long before it runs dry.
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Old 02-01-2011, 02:12 AM
 
Location: NW Las Vegas - Lone Mountain
15,756 posts, read 33,428,962 times
Reputation: 2661
Requires a Constitutional amendment. That takes two legislative sessions and a vote by the people.

It is a third rail issue in NV. Virtually anyone proposing it will not be reelected.

Ain't gonna happen.
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Old 02-01-2011, 11:47 AM
 
Location: Las Vegas
13,890 posts, read 25,331,777 times
Reputation: 26385
Quote:
Originally Posted by olecapt View Post
Requires a Constitutional amendment. That takes two legislative sessions and a vote by the people.

It is a third rail issue in NV. Virtually anyone proposing it will not be reelected.

Ain't gonna happen.
True! There are too many people who live here because of the tax structure. It would be very difficult to add a state income tax here because people would never vote for it.
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Old 02-01-2011, 12:06 PM
 
Location: Beautiful Upstate NY!
13,819 posts, read 25,179,567 times
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It all depends...as a public vote would come down to those with school age children vs those without.
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Old 02-01-2011, 12:20 PM
 
145 posts, read 442,093 times
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How about eliminating sales tax, like they have in Oregon. Yes, I know, the state is trying to increase revenue, and it will never happen. I also love kids, and value education, but I am EXTREMLY conservative when it coems to matters fiscally.This is why when the economy went under, it didn't effect me one iota, because I already lived way below my means.
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Old 02-01-2011, 12:21 PM
 
Location: Las Vegas
678 posts, read 1,649,103 times
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It's quite possible that an effort to impose a state income tax will be offered, but I doubt it will meet with much success. If it ever does come to pass, it will initially be pretty low. By the time the politicians get around to raising it up to punitive levels I'll be residing permanently at the Palms (not the casino) so it won't really affect me.
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Old 02-01-2011, 12:24 PM
 
Location: Las Vegas, NV
789 posts, read 1,551,404 times
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Quote:
Originally Posted by jfkIII View Post
It all depends...as a public vote would come down to those with school age children vs those without.
True. However, it's one thing to vote for a tax increase on someone else, but it's a totally different matter when voting to increase taxes on yourself. Especially a potentially big one.
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Old 02-01-2011, 12:33 PM
 
Location: Las Vegas, NV
789 posts, read 1,551,404 times
Reputation: 866
Quote:
Originally Posted by Croce View Post
If it ever does come to pass, it will initially be pretty low. By the time the politicians get around to raising it up to punitive levels I'll be residing permanently at the Palms (not the casino) so it won't really affect me.
The key is to never allow the camel's nose to get under the tent.

If people want or expect the services (and associated taxes) of other states such as CA, move to CA.
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