Political Update – March 23, 2015
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Report: Nevada maintains favorable tax climate for businessesSteve Kanigher The research think tank, based in Washington, D.C., also assigned Nevada a tie for the nation’s top rank for corporate and individual income taxes because the state doesn’t collect either tax.
Nevada also has the ninth lowest property taxes, but only the 39th lowest sales taxes and 43rd lowest unemployment insurance taxes among the 50 states, according to data as of July 1.
The foundation reported that the typical American had to work until April 21 last year before earning enough money to pay all federal, state and local taxes for all of 2014. For Nevadans, Tax Freedom Day fell on April 8, 13 days earlier. Only six states paid off their tax burdens earlier in the year.
Among other findings the foundation ranked Nevada:
* 26th highest for state tax collections in fiscal 2013 at $2,535 per capita compared to a U.S. average of $2,689.
* 48th highest for state revenue in fiscal 2013 at $4,113 per capita compared to a U.S. average of $5,428.
* 43rd highest with federal aid making up 25 percent of state revenue in fiscal 2013.
* 4th highest state general sales tax collections at $1,312 per capita in fiscal 2013 compared to a U.S. average of $809.
* 10th highest state gasoline tax rate at 33.15 cents per gallon as of Jan. 1.
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: “Nevada boasts the nation’s third most favorable overall tax climate for businesses, behind only Wyoming and South Dakota.”
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Keystone Annual Luncheon
With Guest Speaker
Marc Tucker April 22, 2015
12:00pm-1:30pm
$35.00 per person
Silverton Hotel
Veil Event Pavilion
3333 Blue Diamond Rd. Las Vegas, NV 89139 The current debate over what kind of tax increase to levy is taking place because of the cost of our public education system K-12 education accounts for 45% of our total annual spending…where and when does it stop? Marc Tucker, who is currently a Visiting Distinguished Fellow at the Harvard Graduate School of Education, has researched the American education system as well as many other countries. Marc’s book, “Surpassing Shanghai“, looks in depth at the education systems that are leading the world in student performance to find out what strategies are working and how they might apply to the United States. Developed from the work of the National Center on Education and the Economy, which has been researching the education systems of countries with the highest student performance for more than twenty years, this book provides a series of answers to the question of how the United States can compete with the world’s best. Learn how Nevada can compete with the world’s best. Download the Email To: Phone To: 702-952-2456 Click here for Directions to Silverton Hotel
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