Political Update – May 28, 2014
Panel: Nevada margins tax proposal leaves many unanswered questionsBy: LAURA MYERS If Nevada voters approve a proposed 2 percent margins tax on business in November, there will be a lot of uncertainty about which companies will be taxed and whether the $750 million annual revenue raised will really be used to increase education funding, said experts who debated the ballot question in Las Vegas on Monday. “The devil is always in the details,” Jeremy Aguero of Applied Analysis said. Aguero, who has done studies for proponents and opponents, said it’s unclear, for example, how “pass through” revenue would be taxed. A general contractor who wins a $1 million job and spends $800,000 to hire subcontractors to do the work may or may not be taxed on the full amount — even if the subcontractors are taxed on their revenue — Aguero said. “This is not entirely clear,” he said. “There will probably be some court cases.”
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“Even companies that don’t make a profit must pay the proposed margins tax, which opponents say could close small or struggling businesses and cost up to 9,000 jobs, according to a preliminary estimate by Aguero.” – Laura Myers, Las Vegas Review-Journal
Keystone Annual Dinner with Dennis Miller October 14, 2014
Well known for his conservative political opinions Dennis is a regular political commentator on Fox News Channel’s The O’Reilly Factor. He is a stand up comedian and political commentator as well as a TV & radio personality. The Venetian Download The Table and Sponsorship Information Here
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