If low taxes are what brings business to a state, why is Nevada's economy so bad?
We have no state income tax, no corporate tax, very low property tax... If conservatives are right, than our economy should be booming!
Asked By: - 10/23/2010
Best Answer - Chosen by Asker
Your state was hit hard by speculative real estate investors from California and other places . The boom created tons of new jobs in construction , banking , insurance , title companies and other fields . The collapse of the housing market devastated your state because the budget increased as revenue decreased... More
Answered By: Laura Hernandez - 10/23/2010
Additional Answers (16)
People don't have extra money to spend on gambling and hookers right now, sorry.
Answered By: Funding Mosques w/your taxdollars - 10/23/2010
Most of the state is empty with nothing to go to. Theres not much more to Nevada than Las Vegas.
Answered By: Wrenking Meat - 10/23/2010
Because Nevada's economy relies on Gambling. And when people in the rest of the country are out of work, they don't go gamble.
Answered By: scott b - 10/23/2010
Republican Economy 101: Increase the spending and cut taxes (which finance government funds)
Answered By: Jason - 10/23/2010
Because the economy is bad nationwide, hence forth no disposable income
Answered By: hardwoodrods - 10/23/2010
Because low taxes do NOT attract businesses. There's much more to it than that. If that were the only consideration, then ALL businesses would locate in the same city, wouldn't they. I looked. I can't find the city/state with the lowest total business taxes.
Answered By: Pat - 10/23/2010
Because one of your senators is Harry Reid. Sorry. Try to vote for somebody better next time. Oh, say. You're in luck. I heard there's an election coming up in just the next few weeks. See if you can find out anything about it.
Answered By: gws35 - 10/23/2010
Nevada was he fastest growing state for new home starts during the bubble. They just got really hammered when people stopped building and gambling at the same time.
Answered By: brown9500v16 - 10/23/2010
Has any news ever came from Nevada? Also, that value changes with deeply variable state values, like population, average wealth, etc.
Answered By: Denzel - 10/23/2010
What is Nevada's industry? Gambling and strippers, oh yeah, an Air Force base. People don't have the disposable income they once had, hence they stopped going to Vegas. Ever heard the term location, location, location... More
Answered By: The Truth - 10/23/2010
Not necessarily. You have to have water and power and something to make. What does Nevada have? Boulders and dust. Besides you think rich powerful company's exploiting the poor and making 0bama and the DC bunch rich care about America? Maybe you should raise the taxes and see what happens to your economy.
Answered By: ArizonaRejects0bamaCare - 10/23/2010
The main income of Nevada is tourism. I can't afford to travel now with my taxes... More
Answered By: Klathorn - 10/23/2010
You may not have noticed but much of Nevada is unpopulated and Vegas , Laughlin and Reno count on Gaming for a great deal of their income and jobs. Gaming requires a public with expendable income.
Answered By: Ryde-0n - 10/23/2010
Except for all the i****************s taking the jobs in hotels, and casinos. The economy other places directly effects the economy of Nevada. How many can afford to go play now? Gambling just doesn't seem like fun when you have no money... More
Answered By: mamadixie - 10/23/2010
Because nevada economy is built on tourism And we had the president of the US stand up in a speech and tell people NOT to spend thier money going on vacation in nevada. Economies built on tourism, always suffer in a recession.
Answered By: jeeper_peeper321 - 10/23/2010
Harold Covington speaks To Conservatives You might want to check this podcast out http://northwestfront.org/2010/10/hac-speaks-to-conservatives/ This is a short piece in which I talk about the Tea Party and why conservatism is not the way to go to ensure White racial survival. -HAC
Answered By: Northwestener - 10/23/2010
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Earn $95/hr Bookkeeping Right From Home. Free Video Explains All!
Click. Search. Apply. Free!
Jobs hiring now near your local area. Find a job and apply now.
Other Career Questions
What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
Hi ok im 19 and about to start college to do an acess course into a university. Ive been browsing through all the courses and im tottaly stuck! I thought politics but im scared ill end up with some r...
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.