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By Anjeanette Damon (contact) 
Published Thursday, Jan. 31, 2013 | 9:17 a.m.
Updated Thursday, Jan. 31, 2013 | 3:11 p.m.
The Nevada Supreme Court today upheld an initiative petition backed by the Nevada State Education Association that seeks to create a margins tax on business revenue, overturning a lower court decision invalidating the initiative. The decision means the margins tax proposal will head to the Legislature, which will have 40 days to decide whether to enact it. If the Legislature decides not to approve the initiative, it will go to voters in 2014. Last year, the Carson District Court found the petition's 200-word description of effect-- a brief summary of what an initiative would do-- to be misleading and incomplete, ...
Reporter Cy Ryan contributed to this story.
Any tax that is endorsed by the AFL-CIO and the teachers union is a tax that should never be approved. Government doesn't necessarily need more money, they just need to spend what they have more wisely. Let's hope that the assembly and senate realize that and allow the voters to vote this proposal down.
There is a couple of bad things about this idea.
1. There is no guarantee that the schools will get more money. The state could cut back on their current funding they provide and let this money replace it.
2. Business that are losing money will have to find a way to pay this additional tax. If they don't find it, they are out of business.
The devil is always in the details and most people won't take the time to find out the facts and details.
I always find the Right Wing Republican argument that Low Taxes will create Jobs amusing. If True, San Francisco and Silicon Valley Would be Empty. Same for New York City, Boston, etc....
Instead we live in a City with the Lowest Educated, High Poverty Rates, Low Pay Service Jobs with No Benefits and the Worst Health Care of any major city. Yet after Decades of this absolute Failure our Politicians are still touting this drivel and much of the population is will to take it at face value.
In order for a business to reach the threshold of a million in revenue, the average daily revenue needs to be approximately $2700.
On a million in revenue, a 2% tax is about $20,000. That works out to a daily tax of $55. If a business is taking in $2700 per day, and their margins are so tight that $55 per day will make a difference in the survival of the business, I question the viability to begin with. If a business has 100 transactions to make the $2700 per day, the tax cost would be $5.50 per transaction. A thousand transactions to make $2700 means a tax cost of under 6 CENTS per transactions.
This would also guarantee that the national corporations pay their fair share. Right now, the only tax that is paid by Costco, Wal-Mart, and any other national corporation is a payroll tax.
Tanker1975 has obviously never owned a business before. If you want to personally pay nore taxes, go right ahead be my guest, nobody is stopping you.
The government cannot create jobs, if it could unemployment would be zero. All government can do is create an enviroment that either encourages or discourages employment. This is one more thing that will DIScourage employment.
@Noindex. This would DIScourage employment as opposed to current policies which ENcourage employment. With about 160k unemployed in the state, and such a largeand available workforce, low taxes and a favorable business environment, why do we see stories that tout a business moving 100 jobs to Nevada. Where are the businesses that can create the huge amount of jobs?
The answer is that as soon as they ask "What are the schools like?" and you honestly answer, the business is not interested.
Oh, by the way, I have owned a business. Take a look in the current yellow pages. That is a list of the companies in Nevada that don't pay ANY tax on profits earned n Nevada. How does that work for you? Do you really believe that those companies will leave Nevada or go out of business?
What was your business? Did you have employees? It's people like yourself with no skin in the game trying to grab whatever money you can from those of us who do have skin in the game. We, who create jobs and actually pay taxes are tired of this BS.
You know who doesn't pay their "fair share"....lazy people. Not only do they not pay taxes, they receive tax money in the form of government freebies. Now how is that "fair" to the rest of us?
There is no shortage of tax revenue, the government simply wastes too much money. Eliminate the fraud, waste and abuse and the state will have plenty of money.
Atlas is shrugging.
@NoIndex. What are some examples of waste and "lazy people"? What are some of the "freebies" you would get rid of?
"The government cannot create jobs . . ."
Tell that to the defense contractors. The reason why the GDP shrank 0.1% in 4Q is, in part, because the military held off from spending in fear of the sequestration cuts triggered by the fiscal cliff.
Military spending creates jobs. A lot of them. Google it.