Originally Posted by
iahflyr
Currently Nevada funds their state budget through tourism (gambling and hotel room tax). As the amount of Nevada residents increase (Nevada is the fastest growing state) relative to the number of tourists, there becomes less and less money to fund these projects. Look for Nevada to institute a state income tax within the next 10 years.
43 out of 50 states have state income tax, and the average rate is around 5%.
5 of the 7 have high property taxes that make up for it (Texas, Florida, etc...)
Alaska gets all its money from oil drilling.
Nevada gets all its money from gambling and hotel taxes.
Every state gets money one way or another.
An income tax in Nevada would take years to implement. It has to pass the house and senate in consecutive terms, two years apart, and then the entire state would have to vote on it and the Governor would have to sign it and he said he doesn’t support it. The current house and senate of Nevada is run by Democrats and they haven’t done it for this session, so it would have to wait until 2021, then it would have to pass in 2023, and then the voters would decide. There is almost no chance Nevada will get an income tax, and if it does, its going to take a long time. Nevada has always had population growth and nobody in the state is talking about it. Democrats in Nevada aren’t like in California.