A Plan For Changing Nevada’s Tax Structure

We’ve all heard about Nevada’s “structural deficit.” It’s a theory that Nevada’s tax system is somehow inherently unstable, and hard to predict. Using false logic, advocates of the theory typically want to make our tax revenue “more stable” by increasing taxes and expanding the functions of government. It was central to the debate surrounding Nevada’s job-crushing 2003 tax hikes, and frequently studied and discussed by local government employees and contractors even while rapidly increasing property values generated double-digit annual increases in property tax revenue.

Check out …

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Update: 2010 Census Data Says Nevada Not Last In Spending!

The Tax Foundation’s new analysis of the 2010 US Census shows that little has changed – Nevada remains one of the states most successful in shifting its tax burden off of residents and onto non-residents. The new data shows us ranked 49th in the amount of personal income consumed by state and local taxation, but 37th in the amount of total state and local government spending as a percentage of personal income.

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Price of Bad Government

Nevada’s citizens have been hurt in this national economy more than people in any other state. Here’s a report on the latest data from the US Bureau of Economic Analysis:

Nevadans saw their personal income decline more in 2009 than residents of any other state, a new report from the U.S. Bureau of Economic Analysis found.

Residents’ personal income in Nevada fell to $102 billion in 2009, down 4.8 percent from $107.1 billion in 2008. That’s not only the worst performance in the nation in 2009, it’s …

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Bringing Home Rotted Bacon

Thanks Harry – for kicking Nevada’s second largest industry while it’s down.

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Ralstonian Math Dissed

ALEC – the American Legislative Exchange Council – has released a new study that completely discounts the Ralstonian math oft cited by socialists who want more government and less private sector.

Here’s the complete study, and here are some important highlights:

Bigger government damages a state’s economy.
Nevada’s tax structure is generally good for the economy because it offloads a good chunk of the cost of running government onto tourists and companies who cater to tourists (who merely pass their tax burden onto their tourist customers).
Nevada ranks medium …

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Inevitable Consequence Of Planning To Increase Spending While Revenue Is Falling

The National Conference of State Legislatures has issued a reminder to Nevada’s Legislature: if you plan to increase spending during a time when revenue is falling, especially when all other states are trimming spending in line with revenue, you will end up with the largest budget gap amongst American States.

No doubt the Confused Wing of Nevada’s political and press corps will again complain that we need to raise taxes in Nevada, rather than do what all the other states are doing (which is reducing spending …

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Nevada Economy

Here’s the first quarter “Nevada Economy In Brief” published by the Nevada Employment Security Department.

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Local Governments Exaggerate Growth

New census data says Southern Nevada local governments have exaggerated their growth to the tune of about three years worth of our current growth rate.

The Las Vegas Review Journal reports the story…

The Census Bureau says the Metro area hit 1.866-million last June 30, vs. local government estimates (passed up to the State Demographer before becoming “official”) that had us at just under 2-million. The difference is more than six percent, equal to three years of our current pace of 2% annual growth.

Cities and Counties in …

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More Private Sector Job Losses

Two more Nevada businesses closed down yesterday… Desert Dodge, Security Bank. Yet Legislative leaders still want to raise taxes.

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Nevada Economy

Here’s the fourth quarter 2008 “Nevada Economy In Brief” published by the Nevada Employment Security Department.

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