Sunday, January 25, 2009

The Tax Debate Begins

The serious debate on taxes has finally begun. This in-depth article in the Sun is an indication...

A tax system by default, not by plan
At first, Nevada expected little revenue from gaming. Here’s how that changed over time.
(Las Vegas Sun, 1/25)

Taxes in Nevada will have to rise. There is simply no choice, other than abandoning all functions of government (like child welfare and juvenile justice). I believe that the debate will end with a state income tax, but it will be a painful process getting there. There will be endless posturing and beating around the bush by politicians, but it has to happen.

Here is my newsletter on taxes a year ago.

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