April 21, 2011

Big business in Nevada pay little or nothing, think mining at zero or at worst a half a percent and gaming which pays the lowest rates in the world. And how about those "big-box" stores which also pay nothing? Assemblywoman Peggy Pierce has introduced legislation, AB 336 which would create a corporate income tax on businesses making more than $500,000 a year.

Fair, one might say.

Well, Wal-Mart doesn't see it that way and warns they would have to reduce employee inventory and purchase price. In other words, layoffs and reduced salaries. Interestingly, Wal-Mart charges Nevadans the same prices for their stuff as they do in other states where they are taxed so how is it their Nevada operations would be critically affected?  You would,think the extra profits they earn here would at least go to a better wages or benefits. Nope. They go to lobbyists and lawyers to make public threats to their employees and all Nevadans at the legislature.

If all this weren't annoying enough, the Nevada Tax Payers Association is also against the bill but then you have to remember there is are Barrick Gold Mine and Wal-Mart representatives on their board.