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Sunday, Feb. 24, 2013 | 2 a.m.
CARSON CITY — CARSON CITY -- Gaming walks around the Nevada Legislature like the big strutting rooster, the whale in Nevada’s political swimming pool. Because it is. And with good reason. While other states and countries charge much higher fees on gambling and even collect more in taxes, Nevada’s casino-resort industry pays or collects 46 percent of the state’s general fund, by its own measure. It’s a huge portion of the state’s funding, by just about anyone’s measure. But it’s not as big as it once was. In 1997, casinos paid and collected almost 56 percent of the state’s general fund revenue. Over ...
They embrace a bunch of gangsters at "their clubs," using night clubs and Limo Services to outsource the vice, drugs and prostitution, then they pay off politicians to avoid paying taxes to deal with the wreckage they cause in our society. They smell of corruption through and through.
Gaming Industry uses clout to prevent a State lottery !Who cares if all that money goes to California ?
I pay 8.1% tax when I buy a pair of shoes and the gamer's pay 6.75% with plenty of business tax exemptions . We have a misguided and unfair system in Nevada were the little guy gets hammered and the gamers ride for free. Gaming taxes should be tied to the state and county sales tax rates. For years Nevada gamers have used the profits, knowledge and experience in Nevada to expand gambling around the world and make billions. It's time they paid us back and please don't give me the argument about how good gambling has been for the state.
Adelson and Wynn pay the Communist Chinese 39% yes? Nevada is such a punked state..
truthserum,,
I read Schwartz' "report" and was just about to write when I read your comment. PERFECTLY stated! I need say nothing more.
Everyone else,
Please read what truthserum wrote and believe it in your soul.
Purgatory
"The economic recession has wreaked havoc on both the gaming industry and government services..." Hmmm. I thought, according to articles in the Sun and other reports, that Macau has made a mint for these guys during that time frame anyway - that China represents triple fold or more income for them than just Nevada. So I find their woe is me attitude pretty weak.
Steve Wynn has a hankering to buy a few more Picassos to decorate his new $70 million penthouse in Manhattan. And with the state's laughable 6.75% gaming tax Steve won't have to go searching under the couch cushions to satisfy his expensive taste. So shut up and bend over clueless Nevadans. After Steve, Sheldon and the others have been fully serviced everybody gets a free buffet.
Virginia Valentine is a well trained liar,paying less or a smaller percentage is the same,why she would think the public would buy her foolishness is insulting. Of course in reality she is just the lacky for big casino owners who do not want to be assoicated with Nevada being ranked last in public education and Clark County School District being ranked behind Guam in public education as the big casino owners file bankruptcies and stiff investors and keep their casinos.
New Jersey and Illinois have huge tax assessments against the casinos located within their states. No wonder the casinos there are having financial problems. Keep the taxes low.
The new mob running Las Vegas is way more dangerous than the old mob which used to run the Las Vegas casino industry. Back in the 70s you could walk down the strip, or drive without being shot at or scammed by someone.
Our current legislators shoot off their mouth about states rights and legally owning and carrying guns when it's election time but after that they become puppets of the casino industry.
Can anyone posting here tell me any other state that one industry pays 46% of the total state budget each year?
If so, what state and what industry pays it?
The Nevada gaming industry is sitting on $46 billion in debt. They need to get to work on paying their bills and spend less time in politics.
The entire industry nearly imploded in on itself a few years ago. Get to work on those balance sheets and don't worry so much about employee lunch tax breaks.
Nevada doesn't have a diversified economy. The fact that 46% of general fund revenues comes from one industry is a joke in and of itself.
I moved to California in 1961. At that time the state was very heavily dependent on defense contractors. There were significant cutbacks in defense when the Vietnam War started winding down and the entire state nearly collapsed. We need better education, medical care, lower crime and a much more diverse economy.
http://www.8newsnow.com/story/17141274/n...
vegaslee
Can you name another state where one industry controls every single politician in both partys?
If so, name the state and the industry.
@antigov
State:
Mississippi, Texas, Arkansas
Industry:
Religion
Point, set, and match!
@jimmyk,
Illiterates don't count.
Point,set and match.
Sales Taxes are based on total sales, so the customers bear the entire amount of tax. All the business does is collect and turn over what they collect, therefore, a sales tax should not be part of any equation in this discussion as casinos would pay more when business in good, so it's a good thing, not a bad thing for the industry and the state.
But I have seen my 'free offers' drop all food, so it has had a negative effect in my pocket, but, no, it certainly has no effect on whether I'm coming back.
Love Vegas!
js
Vegaslee,
Alaska...... Since the completion of the Trans-Alaska Oil Pipeline, petroleum revenues to the State of Alaska have averaged over 85 percent.
In the state's fiscal year ending June 2011, oil and gas revenues represent 92 percent of Alaska's unrestricted revenue.
http://www.aoga.org/facts-and-figures/st...
@ davis296
Alaska pays money to every single citizen in the state every single year so keep trying.
They also pay 25% tax rate in Alaska.
The reason tuition at universities is out of control is because they have little incentive to reduce their tuition. Student loans are too easy to get--it's like the subprime mortgage bubble.
http://www.youtube.com/watch?v=xFY-PgPA-...
Vegaslee asked what state pays more than Nevada Gaming 46% ---- answer -Alaska - Oil industry pays 90% of taxes in Alaska