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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
Source(s):
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
Source(s):
Answered By: Northwestener - 10/23/2010
 
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