sactoking
Diamond Member
- Sep 24, 2007
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With no personal or corporate income tax, I fail to see how the state's financial situation can be improved by attracting business there.
I understand employment would improve, but it isn't going to help state's financial condition. I suppose new facilities would bring in some property tax revenuse (assuming it wasn't waived as a benefit to attract the biz), but that's county, not state, revenue.
Since gambling and prostitution is already there, and they have no income tax, a better idea would be legalize pot and tax it.
Fern
You got it right when you said 'employment'. NV is #1 in the nation in unemployment. There are a lot of people here hurting really badly for money. Even with no income tax employment would help tremendously. A very large portion of the sales tax goes to the general fund. With more business in the state employment would rise, sales tax revenue would rise, and other non-tax fees would rise. The general fund would be helped tremendously.
