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.
As a 30+ year NV resident, things have changed over the years but never has there been serious talk of instituting a state income tax. As long as CA residents continue to flee East we’ll be good.
Property taxes are amazingly cheap here (at least in Vegas - Reno is going crazy with high property values because of the SFO area being so close) when compared to other states without an income tax. My house in TX would cost 4-5x in property taxes easy.
If someone doesn’t want to live at a UA base, LAS is a pretty good option in my opinion, especially for SFO.