To put it more succinctly: BUSINESSES DO NOT 'PAY' TAXES.
They COLLECT taxes and forward them to government but they 'PAY' nothing.
The education system does not teach this to us. It then sends us out
into the world defenseless against claptrap like, "We're going to make the corporations pay their fair share." Businesses are not going
to pay. Only the market pays and we are the market.
Adam Smith's "Wealth of Nations" represents truth and economic reality.
The Nevada State Education Association's (NSEA's) vicious 2% margins tax represents well, something substantially less than either truth or economic reality.
There is no tax that perverts and corrupts our political system the way an income tax does. It
doesn't matter whether it's state, local or federal an income tax is riddled with loopholes, favors for
friends and punishments for enemies. Think I'm wrong? The vast majority of you reading this have
probably come from other states that have an income tax, usually both business and personal. Can
you honestly say the tax was administered fairly – with no special exemptions for favored groups
and industries? I doubt it. Then, of course, there's the federal income tax, in my opinion a cesspool
of legalized political corruption unmatched anywhere at any time in human history.
So, here are the questions: Do we want to inflict Nevada with a form of taxation
with a track record as bad as the income tax?
Are we going to allow the NSEA and the regressive statists to con us into believing
the corporations will pay the tax when economic reality makes it obvious we're going to pay it?
The NSEA's margins tax is not a tax on capital.
The NSEA's margins tax is a tax on LABOR. It's a tax on every working family in Nevada.
The NSEA's margins tax is a tax on SENIOR CITIZENS desperately trying to survive a rising cost
of living in the face of zero interest rates being paid on their life savings.
The NSEA's margins tax is a cruel and vicious hoax and it needs to be crushed in November.
Vote NO on QUESTION 3.
Contact Director Knight Allen
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