I live in N Nevada.
There is an item on the coming Nov election called ‘The Margins Tax”.
Nevada has no corp or individual income tax. That alone brings companies to Nevada for business, despite the fact that the labor pool here isn’t the greatest. Lots of drugs & an overload of people who never graduated high school.
However, the teachers unions are trying to get a tax of 2% on the GROSS revenue of companies on all money above $1 million in Gross for a new tax ‘for the children’. When one considers all the casinos, etc, this would raise a tremendous amount of money.
The total population of Nevada is under 3 million. Even if there are 200,000 kids here, this tax is a back door to an income tax and the ballot item is not written tightly enough to keep the money in the fund for ONLY schools, etc.
Anyone with a lick of sense is voting against this tax.
IMO, Tesla better stick to only moving dirt until AFTER this election. IF this darn thing passes, TESLA will be smart to go elsewhere.
Thanks, sounds like good advice and from past experience with family who lived in NV I wouldn’t think this measure will pass.