I am usually all-aboard with Victor Joecks’ commentaries. However, after reading his Aug. 28 column, i did son’t quite make it happen.
The concept of raising their state gaming tax to be able to lower the sales tax requires a look that is second. Yes, Nevada has the gaming tax that is lowest in the entire world at 6.75 percent. However it is as a result that Nevada has always prospered and money that is foreign to invest in Las Vegas resorts. Gambling failures, such as those incurred in Atlantic City and Macao, were in large part due to a gaming tax that was as high as 20 percent(*) a gasoline is seen by me tax increase like a much better offset against a lowering for the sales tax. You can get an car that is electric take public transportation or do ride-sharing to avoid the gasoline tax. But what you buy and pay sales tax on is pretty much set for most of us.
The revenue Nevada gets from gaming is sort of a sacred cow in from having a state income tax that it keeps us. Any chances can’t be taken by us in a diminution of gaming revenue because we overburdened the industry. We do not want to kill the goose that lays the egg that is golden
