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Warren Buffett, the 2nd richest man on the planet wants corporations to pay MORE taxes. Quote from 2006:
"Corporate income taxes in fiscal 2003 accounted for 7.4% of all federal tax receipts, down from a post-war peak of 32% in 1952. With one exception (1983), last year's percentage is the lowest recorded since data was first published in 1934. Even so, tax breaks for corporations (and their investors, particularly large ones) were a major part of the Administration's 2002 and 2003 initiatives. If class warfare is being waged in America, my class is clearly winning."
Buffett and many others agree that corporations are not paying their share.
Example: Nevada gold producers sell $6 billion (gross), net $2 billion (profit) and send Nevada $25 million (a 1% royalty on a precious metal that can never be replaced)
Can any idiot out there see the real problem?
New York "room tax" = 14%
Houston "room tax" = 17%
People still travel to these towns and pay the bill don't they?
Vegas, unlike other major destinations, can and must charge less for each room sold so the total cost is actually decreasing! DUH!
Stay in a 5 star hotel in Vegas for $125.00 per night or travel to New York and pay $855 at the Four Seasons (standard rate). If you didn't graduate from high school you can still figure out that 3 nights in New York will cost close to $3,000 dollars and even with the new tax, Vegas is under $500. Where is the average Joe or Jane going to go? Vegas if it is cheap enough!
Can't wait for Nevada to cry out for teachers and they won't come! Your kids, grandkids, and or college student has to join a lottery to get into a classroom. Test scores will decline due to overcrowding and more students will fail. Prisons will be the new "schools". But gold is $950 an ounce and billions go to Canada to support their schools and medical programs. Smart Mr. Gibbons, very smart indeed. I've flushed waste that is smarter than you are.
I can't wait to see the surprised look on the Nevada Legislature, when the Federal government steps in and tells Nevada to raise taxes for education, or a Federal judge will do it for them.
Be careful what you wish for ksand99, the cuts will backfire and Nevada is ripe for a major Federal education funding lawsuit that will be supported in the White House. Look for sales taxes to be increased to 11%.
Sorry Nance, the radio gods must not be dancing or singing the right tune. Someone has to pay for benefits, even if it means raising taxes. Repubs can't have it both ways- huge benefits and low taxes forever.
The biggest economic expansion in the history of the world was created during a time when the top earners paid a 91% tax rate. Everyone prospered, even the rich!. We are spoiled rotten children of prosperity. We don't realize what our parents and grandparents paid to build this county. Now it is just me me me - talk to Rush, he will explain it.
Marginal tax rates in our history for top earners.
1917- 67%
1918- 77%
1929 - 24% Right before the big depression
1930 - 25%
1932 - 63%
1936 - 79%
1942 - 88% The U.S. sacrifice for WWII
1944 - 94% Wow Nance only 6 cents of every dollar left over.
1951-1963 - Every year over 91% tax rate and we now have freeways.
1964-1980 - 70%
1987 - now - nothing above 40%
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Why just plastic bags?
Why not add to the list:
Milk Cartons
Oil containers
Aluminum cans
2-Liter soft drink bottles
Glass soda pop bottles
Plastic bubble wrap
Newspapers
On and on and on
Our trash is a treasure if a market exits for recycling.