The Margins Tax Initiative will give Nevada the highest business tax rate in the nation.Come hear about how this tax initiative threatens to stifle the progress of Nevada’s business and job market. Please forward this email to your business associates and friends to help us protect Nevada’s businesses and jobs.
Keystone Annual Luncheon
Keystone will host
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The Margins Tax Initiative will give Nevada the highest business tax rate in the nation.Come hear about how this tax initiative threatens to stifle the progress of Nevada’s business and job market. Please forward this email to your business associates and friends to help us protect Nevada’s businesses and jobs.
Keystone Annual Luncheon
Keystone will host
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EDITORIAL: Margins tax initiative a business killerBy Las Vegas Review-Journal The margins tax was a terrible idea from the moment the state teachers union put it on paper and began collecting signatures to qualify it for the 2014 ballot. But we now know the initiative is even worse than previously thought: In addition to killing jobs, the plan, if passed, creates a huge disincentive for small business growth. The so-called Education Initiative was initially thought to exempt the first $1 million in business revenue from the 2 percent tax. The exemption appeared to ensure the state’s smallest companies wouldn’t be drilled by a huge new tax bill amid a weak economic recovery. It turns out, the $1 million exemption isn’t a true exemption at all — it’s a tax cliff. As soon as a small business exceeds $1 million in taxable revenue (some deductions are allowed), all revenue is subject to the 2 percent rate. To put that in some perspective, imagine a small business logs $1,000,050 in taxable revenue for a given year. If the first $1 million were exempt, only $50 in revenue would be taxed by the new levy. The business owner would have a margins tax bill of $1. Instead, that additional $50 in revenue lifts the company’s tax bill from zero to $20,001. That’s someone’s job. Keystone’s Mission:
To recruit, support and advocate for candidates for public office who support private sector job creation, low taxation, a responsible regulatory environment, and effective delivery of essential state services. Keystone’s Goals:
Quote: “Margins tax initiative a business killer“ – Las Vegas Review-Journal
Information About The Margins Tax Initiative
  Keystone Annual Luncheon Keystone will host State Senate Minority Leader Michael Roberson and The Coalition to Defeat the Margins Tax The Margin Tax Initiative is a 2% gross revenue tax on large and small businesses alike. Businesses would have to pay the tax whether or not they are profitable, and regardless of whether the tax amount exceeds their net profits. Consumers would also have to pay the costs through increases in insurance premiums and utility costs and other increases to the basic costs of living. As Nevada’s economy is slowly recovering from the recession, the Margin Tax Initiative threatens to stifle the progress of Nevada’s businesses and job market. April 9, 2014 $35 per person
___________________ Save The Date Keystone Annual Dinner With Dennis Miller October 14, 2014 The Venetian Casino • Hotel • Resort 3355 S. Las Vegas Blvd. Las Vegas, NV 89109 Detailed information to follow
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Keystone Annual Luncheon
Keystone will host
The Coalition to Defeat the Margins Tax
and
State Senate Minority Leader Michael Roberson,
who will be giving an update on the Senate Republicans efforts to take the majority
The Margin Tax Initiative is a job-killing measure on the ballot this November. If passed, it would give Nevada one of the highest business tax burdens in the nation, the equivalent of an average 15% corporate income tax rate. This deeply flawed and costly initiative would institute a new 2% tax on gross revenue for any business with revenue over $1 million. However, the first million is still subject to the tax. If you have one dollar in gross revenue over $1 million, you pay 2% based on all of your gross revenue. Profit is not taken into account — even if you are operating at a loss, you still pay the new tax!
April 9, 2014
12:00 PM to 2:00 PM
Silverton Hotel
3333 Blue Diamond Rd,
Las Vegas, NV 89136
$35 per person
(Keystone member price)
$40 per person
(Non-Member price)
Please RSVP
By Email To: Info@KeystoneNevada.com
By US Mail To:
P.O. Box 93596
Las Vegas, NV 89193-3596
By Phone To: 702-952-2456
The Margins Tax Initiative will give Nevada the highest business tax rate in the nation.Come hear about how this tax initiative threatens to stifle the progress of Nevada’s business and job market. Please forward this email to your business associates and friends to help us protect Nevada’s businesses and jobs.
Keystone Annual Luncheon
Keystone will host State Senate Minority Leader and The Coalition to Defeat the Margins Tax The Margin Tax Initiative is a job-killing measure on the ballot this November. If passed, it would give Nevada one of the highest business tax burdens in the nation, the equivalent of an average 15% corporate income tax rate. This deeply flawed and costly initiative would institute a new 2% tax on gross revenue for any business with revenue over $1 million. However, the first million is still subject to the tax. If you have one dollar in gross revenue over $1 million, you pay 2% based on all of your gross revenue. Profit is not taken into account — even if you are operating at a loss, you still pay the new tax! Please attend our annual luncheon to hear Sen. Roberson and the Coalition to Defeat the Margin Tax Initiative outline all of the facts about this costly tax measure, answer your questions, and find out what you can do to help defeat the Margin Tax Initiative. April 9, 2014 $35 per person (Keystone member price) $40 per person (Non-Member price) Please RSVP
By Email To: Info@KeystoneNevada.com By US Mail To: P.O. Box 93596 Las Vegas, NV 89193-3596 By Phone To: 702-952-2456 Save The Date Keystone Annual Dinner With Dennis Miller October 14, 2014 The Venetian Casino • Hotel • Resort Detailed information to follow
Keystone’s Mission: To recruit, support and advocate for candidates for public office who support private sector job creation, low taxation, a responsible regulatory environment, and effective delivery of essential state services. Keystone’s Goals:
“If you want less of something, tax it.” Andy Matthews, Nevada Policy Research Institute
Bring out your stories Andy Matthews As the old adage goes, “If you want less of something, tax it.” Unfortunately for you, me and every business and employee in Nevada, the teachers union is seeking to reduce economic growth at one of the worst possible times — when tens of thousands of Nevadans are underemployed or unemployed and struggling to support their families. The union’s latest effort is the margin-tax proposal, and if you’ve followed NPRI’s work over the last three years, you know the deceptively billed “Education Initiative” is nothing more than a thinly veiled attempt to exploit the children of Nevada to further pad the government’s bank account. The margin tax would impose a 2 percent tax on every business bringing in more than $1 million in annual revenue. That’s less than $2,740 in sales — not profit — a day. Nevada’s margin-tax proposal is modeled after the margin tax in Texas. After Texas imposed a margin tax in 2007, roughly 20 percent of small businesses reported that they had to lay off employees, and another one-third reported they left jobs unfilled because of the margin tax.
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Nevada’s tax burden is higher than you thinkAuthorities take more than $30K per household every two years By Geoffrey Lawrence In Carson City, state lawmakers are considering whether to impose a “margin tax” on business. For businesses taking in more than $2,740 a day in revenue, it would tax every dollar coming into a firm — except those falling under a complex, lawyer-pleasing array of possible deductions. Texas is the only state that has a margin tax, one lawmakers there created in 2006. The Texas experience has demonstrated it’s a problematic tax instrument — introducing more serious economic distortions and disincentives than do alternative tax instruments yielding the same amount of revenue. But, the big question is: Can Nevadans afford a new tax? Whether tax dollars are remitted by businesses or directly by individuals, all taxes are ultimatelypaid by individuals. Business taxes just tax individuals indirectly, because, by driving up business costs, these taxes either suppress employee wages, push the prices facing consumers higher, or both. Keystone’s Mission:
To recruit, support and advocate for candidates for public office who support private sector job creation, low taxation, a responsible regulatory environment, and effective delivery of essential state services. Keystone’s Goals:
Quote: “Authorities take more than $30K per household every two years“ – Geoffrey Lawrence, Nevada Policy Research Institution
Pay of Nevada’s public-school employees, versus private sector, is 4th highest in U.S.
BLS data shows 17 point gap between K-12 and private sector income in Nevada
By Steven Miller
Nevada Journal LAS VEGAS — As teacher union activists push for a heavy new tax on Nevada’s private-sector employers, federal data is showing that the state’s public K-12 education sector is actually doing far better, financially, than the state’s private sector.
Keystone Annual Luncheon Keystone will host State Senate Minority Leader Michael Roberson and The Coalition to Defeat the Margins Tax The Margin Tax Initiative is a 2% gross revenue tax on large and small businesses alike. Businesses would have to pay the tax whether or not they are profitable, and regardless of whether the tax amount exceeds their net profits. Consumers would also have to pay the costs through increases in insurance premiums and utility costs and other increases to the basic costs of living. As Nevada’s economy is slowly recovering from the recession, the Margin Tax Initiative threatens to stifle the progress of Nevada’s businesses and job market. April 9, 2014 $35 per person
___________________ Save The Date Keystone Annual Dinner With Dennis Miller October 14, 2014 The Venetian Casino • Hotel • Resort 3355 S. Las Vegas Blvd. Las Vegas, NV 89109 Detailed information to follow
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