FLASHPOINT:

A gross receipts tax …

Mon, Jul 14, 2008 (2:01 a.m.)

A gross receipts tax, which has become the symbol of a destructive levy by the chamber set here, apparently isn’t that damaging after all. The business community here helped kill that idea in 2003, even though most small businesses would have been exempted, and instead helped impose a payroll tax on all Nevada businesses. And now, thanks to a new study by CNBC, it seems a gross receipts tax is not antithetical to a healthy business climate. The state ranked No. 1 in the survey, Texas, imposed such a tax a couple of years ago. Businesses did not fail or flee the state. Indeed, it seems as if many continue to prosper. And where did Nevada, which would have been destroyed by a gross receipts tax, we were told, rank? 45th.

Discussion: 3 comments so far…

By DavidMorgan

7/14/08 at 9:52 a.m.

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Taxes, intellegently applied, are an investment, especially in education. Any human enterprise, whether private or public, requires investing. (However, with unfunded mandates like No Child Left Behind make transparency and local accountability quite a challenge). Brain-dead screams from right-wing politocs of "I hate taxes" continue to build a contagion that we can starve our state to prosperity.
By jfnance32

7/14/08 at 10:43 a.m.

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"(However, with unfunded mandates like No Child Left Behind"

...the Federal government spending on K-12 education under Bush has grown by over 80%.

Nevada is ranked 21st in state taxes collected for K-12.

Nevada teachers pay is 25th in the USA.

The "COLA must not be delayed" proved it is not about education but money for the unions.

If we tripled taxes and spending then I am sure that people will be demanding that we invest more in government spending. It will never be enough.
By thebs

7/14/08 at 4:06 p.m.

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So it turns out all the whining from the neocons is merely hysteria and hyperbole?

Color me shocked.