Why Low Taxes are Required in Nevada.

A lot of people state that the taxes are already low in Nevada and that is in deed true, but only tells part of the story and leaves out what I feel is the most critical parts.

For many years Gaming has carried the bulk of the tax load in Nevada. And for a long time it seemed to make sense. Those that were here were at best shortsighted and never looked beyond the next election as far as I can tell. There were warning signs in the 80s and maybe some heard them, I don’t know. I was in California getting ready to move to Oklahoma as the interest rates hit 20%.

Unions as a residue of the mob are still here and now they are in government in a big way. Public pay scales are far and away above what is paid in the private sector. The average pay in the state is 45,000 a year. Figure that these people who make up the bulk of taxpayers in Nevada also have to pay Social Security on what is imputed income. Figure SS payments at $3375. Then we take the Unions vig if you are in a union. Since many people work for casinos they are in a unions in some shape or another. Figure the vig at 1% of gross - $450 a year ( yes it’s a guess) .

At 24000 for filing purposes the tax rate is 15% or another $3600 and that leaves 37575 to live on.

Nevada Policy Research Institute has commented that the Brookings institution has calculated that we are taxed on average $5984 a year. Even if you give that a $1000 haircut. That leaves each person in the state a taxload of $4984 a year. Many of the taxes are hidden and come from places like our hidden income tax. But we all pay them.

Now lets do the math. The average take home after taxes and vigs is $37575. The taxes run $4984 a year. That is a tax load of 13.2 percent. ON top of the federal taxes for a middle income family and this is way too high. It should be about half that.

Yes there are other states that have higher tax burdens and we are seeing them come here.
The purpose of taxes is to fund government, but the high tax burden oppresses the people who can best create jobs and wealth, the Entrepreneurs. Along with high barriers to entry at the state and local level and the enormous amount of regulation that has been created to keep people out we find ourselves with little in the way of choices.

If this state is to succeed then cutting taxes and regulation is REQUIRED.

There is ample room in the budget to cut taxes and spending and not affect legitimate government services.

I ask for your vote on June 8th. Early voting starts on May 22nd .