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March 14, 2011 / jimnv

Excellent Article: “It’s not the audits, it’s the deductions”

I have found an excellent article called: “It’s not the audits, it’s the deductions“, Las Vegas Gleaner, March 14, 2010

Because of Nevada’s laws, many mines can make millions each year and not pay any taxes. The entire article is factual and logical. I like this final sentence of the article regarding the net proceeds mining tax law and agree with it completely:

“Convoluted, dysfunctional, inadequate, unreliable and in need of scrapping — that’s what Nevada’s mining tax is.”, Las Vegas Gleaner, March 14, 2011

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  1. Lawrence Cassidy / Mar 16 2011 8:58 am

    Some of the legislators who have had the time to respond to my letters criticizing Governor Sandoval for having all kinds of skilled people to go through the pay, benefits, pensions, and other employment issues of state employees and retirees with a fine-toothed comb, yet was oblivious to the fact that the state did not have any trained auditors to scrutinize the mining industry’s tax records and reports, essentially allowing them to self-audit and pay whatever they deem appropriate, have stated that they are going to rectify the situation.

    Governor Sandoval, who admitted that he was unaware of the lack of auditors, which is possible, but also seems mighty peculiar and jaundiced in favor of big business and against state employees and retirees, also indicated that he will rectify the situation.

    I am wondering if I should hold my breath.

    What puzzles me about Governor Sandoval, his team, and some of the Nevada legislators is that when you, I, and other middle class people want to balance our budgets at home and reduce our deficits, we not only cut our expenditures, but we also seek additional revenue by working a 2nd or 3rd job to make ends meet; yet it appears that they have almost exclusively, if not exclusively, focused on cutting only their expenditures, namely the pay, benefits, and pensions of state employees and retirees, and turned a blind-eye to seeking additional revenue, even legitimately owed tax revenue. I find that quite disturbing, because it indicates that Governor Sandoval and certain legislators are more concerned with fulfilling a political agenda and satisfying the demands of special interest groups than they are in resolving the state’s financial crisis.

    If that assessment is accurate, which it appears to be, Nevada is in even more trouble than it is already in. Our political leaders cannot allow themselves to be so politically partisan and closed-minded that they fail to take every appropriate and reasonable measure to fairly and ethically resolve the state’s financial problems, regardless of which special interest group may be effected. We already know that state employees and retirees are willing to sacrifice, because they have already done so, and are willing to accept other sacrifices. However, they just do not want to be demonized and persecuted as one political party singles them out in its efforts to reduce and balance the state’s budget and deficit, yet ignores those who contributed heavily to their politcal campaigns or who are granted preferential treatment as a special interest group of the political party.

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