Posted on 06/06/2012 5:56:19 PM PDT by redreno
The Nevada teachers union filed a business tax initiative today that would raise $800 million a year — an outgrowth of the frustration with the failure of the legislative process to increase funding for state government and schools.
If successful, the petition would create the state’s first tax on business income.
“The Education Initiative,” which is supported by the Nevada State Education Association and AFL-CIO, the state’s largest labor umbrella group, would tax businesses generating more than $1 million in annual revenue.
(Excerpt) Read more at lasvegassun.com ...
1 million in gross revenue is virtually every major business in the USA.
Go do it - Florida & Texas will suck those businesses up like candy while Nevada’s revenue goes into long term decline & consumer prices rise - its that hope & change thing at work again.
And businesses don’t pay tax - consumers pay it all through increased prices!
We have self-esteem trophies for second place.
The unions have got to go. They have outlived their usefulness.
holy damn. if this were a drinking game, every dang time i saw “fair share” i’d be a permanent souse !
I wonder if these people know how how “pay their fair share” sounds to any rational person these days.
Sounds like a vicious petulant child. Which, incidentally, is a pretty good description of most communists and socialists.
You can have a million dollars of revenue, and two million dollars of expenses, which is how the government does it.
Texas is the only state with a business margins tax. If this passes. Nevada will be second.
Hey...cut these educators” some slack! They have to find some way to fund their outrageous benefits and pensions.
I’m from Wisconsin , I’d be happy to explain the new reality to them.
Atlas is eventually going to Shrug all that off.
Greedy, Greedy Unions, like Hungry, Hungry Hippos.
Someone should photoshop that!
I totally support unions increasing business taxes in Nevada.
Shut the damn schools down and let kids Google whatever they want to know. Standardized test scores would go way up. :)
Privitize the schools, promote vouchers. The unions are an evil middleman and racketeers.
They should raise taxes on government pensions. That is where the big bucks are, and it would not hurt productivity or wealth creation.
I have come to hate the words “fair share” when used together.
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