Nevada state, Sen. Bill Raggio, who is like 13,467 years old in dog years, wants a new study of Nevada's tax structure to be "balanced."
The study of which Raggio speaks is split into two parts, the first being the typical deal wherein some number crunchers confirm that Nevada businesses don't pay taxes.
The second part, which is the part Raggio was talking about, calls for a panel of people who are going to sit around and imagine what Nevada should be like in five, ten and twenty years and how it should get there (hint: start taxing businesses).
The group of visioneers "can’t be lopsided with the sector using taxes versus those who are paying the taxes," Raggio warned, repeating a theme he's harped on in prior discussions of the study process but that bubbled into the news this time because of the old fart's dotty language about tax "users" and such.
What? Oh, sorry. I forgot one mustn't say such things about Nevada's beloved "Sir Bill."
Anyway, Raggio's concerns are wholly misplaced. Oh, it's true that if the group was comprised only of those who are "paying the taxes," business would be largely excluded.
But if the panel is comprised from "the sector using taxes," everyone would be included -- even and especially business, which relies on taxpayer-provided schools and taxpayer-provided roads and, far too often, taxpayer-provided health care for employees not covered at work, and etc., etc.
* * *
The legislation that established this latest study, by the way, calls for a review of "proposals for broad based taxes which are fair and equitable."
Excellent. No form of taxation is more broad based, fair, and equitable than the progressive personal income tax, and your Gleaner eagerly awaits the study's analysis of potential income tax revenue under various scenarios (starting with one that entirely exempts the first $50,000 of income).
Some people, which is to say probably just about everybody, will say that there is no reason to include a personal income tax in the study because Nevada voters would never repeal the constitutional prohibition on the tax, so Nevada should just hush, continue to pretend that 43 other states don't rely on personal income taxes as a primary (and often single-largest) source of state revenue, accept the fact that Nevada will forever remain the cheapest state in the country, and rationalize it all away by jumping up and down and gushing "yay, we don't have an income tax!"
Say, that does sound seductive.
But the study is charged, again, with reviewing "proposals for broad based taxes which are fair and equitable." Failing to include a serious discussion of a personal income tax, in addition to being exactly the sort of thing that will probably happen, would not only be intellectually dishonest (historically not a key concern in the development of Nevada policy), but also unfair to the people of Nevada. How can we rule out any consideration of even the possibility of an income tax, deliberately ignoring any and all information that threatens to challenge our predetermined conclusions, if we're not presented with the information in the first place?
Failure to consider a personal income tax would also lock the supercalifragilistic visioneering o' the future group in a box outside of which they would not be allowed to think. And that doesn't sound like a very visioneery thing to.
Any serious study of proposals for broad based, fair and equitable taxes necessarily must include the personal income tax. As Sir Bill himself has decreed from atop the mountain that was at least 1,600 feet higher when he first climbed it (erosion over the millennia takes a toll), the study should be balanced.
Recent Comments