Taxes

Please watch the video as you read my comments. I did not transcribe the Chamber's 5-6 questions.
https://www.youtube.com/watch?v=4qlj0K2-ZWo

There are many ways to invest in gold. Some have some surprising tax rules. As with all investment decisions, you would not want to put all your money in gold or any one stock.

Diversification is best. If you choose to invest in gold (directly or indirectly), maybe you should limit the amount to about 5 percent of your total investments.

Since the rise of the Clinton and Obama Regimes, the Constitution has been shredded by the office of the President. The Congress and the Supreme Court neither has the will nor the majorities needed to reign in the unconstitutional acts of the socialists who are subjugating our constitution and our nation. Foreign interests and money have flooded into our nation usurping the power of the people to rule their own nation.

Every two years, the Cato Institute in Washington, DC ranks the recent changes in state fiscal policies to give readers an understanding of the trends prevailing in each state. Last week, Cato released its newest Fiscal Report Card, and Nevada fares poorly.

Of the 50 states plus Washington, DC, Nevada ranks 47th due to its unfavorable shifts in tax rates and spending in the last legislative session.
Study author Chris Edwards notes that large unfunded liabilities for public-employee pensions and ballooning Medicaid costs are putting upward pressure on state budgets.

An estate plan is not something to ignore for years. The estate plan could be getting obsolete and not reflect your current situation, goals and desires.

The only thing that is constant is change. Your estate plan may need to be adjusted for the changes. Just the passage of time will have changes in the tax law and some of the non-tax law changes by governments, regulations and court cases.

CARSON CITY — It’s game day in the state capital. Lawmakers are gathering Monday for a special legislative session to consider raising taxes to build an NFL-ready stadium, expand and renovate the Las Vegas Convention Center and bolster police presence in the Las Vegas resort corridor.

I wandered over to Firkin and Fox on Sunday morning expecting the back bar to be a quiet place where I could watch some football.

On Monday, October 10, 2016, a group of concerned Nevada citizens will protest the special session called by Nevada’s Republican Governor, Brian Sandoval, to approve raising $750 million in room tax revenue to subsidize a stadium for the NFL's Raider's.

According to the article “Governor Call Special Session for Monday,” published in the Reno Gazette Journal, dated October 5, 2016, the proposed amount of $750,000,000 is the largest amount ever put forth for consideration by taxpayers in the history of the publicly funded stadiums.

As our readers know, we’re huge sports fans. So the idea of going to a professional sporting event in our home state of Nevada is very exciting.
And that excitement is resonating across Nevada as the Oakland Raiders are considering relocating to Las Vegas.

However, that excitement alone isn’t enough to justify higher taxes in order to provide public funding for constructing a new stadium. Professional sports are, after all, a business and should be financed on their own.

More than 500 Carson High School seniors packed the bleachers on the big gym’s south end Thursday afternoon to welcome the Nevada Secretary of State’s Office to campus for the coolest civics lesson ever.

The surviving spouse who was also Executrix of her husbands’ estate had to pay his income tax liabilities. Mr. Robert Reitano died in July of 2002.

Ms.McNicol, the surviving spouse, distributed the assets of his estate to herself for no consideration. She knew of his unpaid income taxes of prior years of about $340,000, but transferred the assets to herself and did not pay IRS for his debts first.

All workers have the constitutional freedom of association and may form labor unions if they so choose. Under the same constitutional right, employees should be free not to join the union. And employers, public or private, should have the right to bargain with a union or not.

Another “sneaky” provision of the Affordable Care Act becomes effective Jan. 1, 2017. For older folks (age 65 and older), in 2017 and later years, medical expenses will be reduced as an itemized deduction by 10 percent of Adjusted Gross Income instead of only 7-1/2 percent.

LYON COUNTY — This year the Comstock Youth Works program expanded to serve four of five Lyon County high schools and 80 teens from communities across Lyon County, with funding from a Safe Schools/Healthy Students grant through Healthy Communities Coalition of Lyon and Storey.

The current IRS rules that allow valuation discounts may be changed in the near future. Say an asset, such as a family business or a bundle of traded stocks and bonds, is gifted or transferred after a death, and it is worth $10,000,000. With the proper set of facts, valuation discounts of 30% or more can reduce the value subject to gift or death (estate) tax.

In many ways Donald Trump and Hillary Clinton could be considered much alike. Those two would dispute that opinion vigorously. But the American voting public might be interested in the following:

1. Both have low scores with the American public concerning trust and honesty when it comes to many polls.

Unprofitable companies often eventually go out of business. Tesla Motors is very unprofitable.

The electric-car maker scored a big win in 2014 when Gov. Brian Sandoval and Nevada lawmakers passed a $1.3 billion subsidy package to entice Tesla to build in Storey County a huge battery manufacturing facility that’s a key part of its business. The package also forgave sales taxes for 20 years, property and payroll taxes for ten years, and provided discounted electricity rates.

Nevada was once a nationwide model of fiscal rectitude. Not now.

During the Great Depression, state leaders even launched a promotional campaign called "One Sound State" boasting of this fact. It advertised a state with "no income tax, no inheritance tax, no sales tax, no tax on intangibles, but with a balanced budget and a surplus."

Three years of change and rebranding efforts by the Carson City Visitors Bureau (CCVB) are turning the Nevada state capital into a tourist destination, said CCVB Executive Director Joel Dunn, and no longer a point on the road map to pass through.

Nearly everyone, it seems, has been focused lately on Donald Trump’s nomination by the Republicans and now the chaos of the Democrat convention. We want to celebrate some other important aspects of the GOP convention (where Ron was a delegate) as reflected in speeches by Paul Ryan, Scott Walker and Mike Pence.

If you are considering donation of your car, truck, boat or aircraft to a church or other charity, here are some of the tax rules you need to know.

Why do we pay Northern Nevada Development Authority $100,000 dollars a year?
In short, we tax payers pay them to talk to local manufacturers.
In August of 2014 Carson City entered into a two-year contract with NNDA for $150,256 with the stated goal of “create a one-stop resource for existing Carson City manufacturers for all issues attached to growth, expansion, and retention of their business”. Additionally Carson City provides $24,000 a year in other financial support to NNDA.

Family and Friends are holding a “Meet & Greet Fundraiser” for Jim Shirk, Board of Supervisors Ward 4
Event Date: Tuesday - June 28, 2016
Time: 6pm to 8pm Where: Glen Eagles

Nevada Republican voters spoke loudly last night. Again.

They spoke loudly in November 2014, voting down a proposed gross receipts tax (GRT) 4-to-1 and sweeping Republicans into control of Nevada’s executive and legislative branches for the first time in generations.

That was a mandate to hold the line on taxes, reform collective bargaining, stop the bleeding in the Public Employees Retirement System, improve schools through choice and other reforms, and especially to oppose the kind of tax 79 percent of voters rejected.

Others saw things differently.

Some younger folks are providing for the financial assistance of their parents or grandparents. If they just give money, it does not reduce the income tax for the young giver. They make the gifts from money left after they pay income taxes.

PK or NOT PK - THAT is the question!

Who does PK fear? Who's the target for the hit pieces? Kramer! But no hit pieces on the other two guys. Why not? Sandoval's PAC can afford research - research showing PK behind Kramer - and the others back in the distance. Hence, hit pieces on Kramer. Yep - he paid off his home - taxes weren't paid by mortgage company - Al missed the notices and got small fines. Big Deal! And that's all the dirt Sandoval and the Elites could dig up on him??Must be a pretty good guy!

A special event slated to debut in Carson City this month is expected to benefit the the local economy on a graduated basis each year through 2020.

It’s estimated that Carson City Off-Road would generate $1 to $1.5 million in local revenue in 2016, said Joel Dunn, executive director, Carson City Visitors Bureau. About 30 percent of that would be spent for lodging and the rest for retail, restaurants and bars.

PK O’Neill vs. the facts (excepts from his newsletters)

Issue 1: Representation; Leadership vs. Serving the People

PK O’Neill’s candidacy for reelection raises serious questions about pragmatism, principles, integrity, the role of a representative, what it means to be a Republican, what it means to be conservative, what it means to represent your constituents and what it means to govern.

Muscle Powered, a Carson City non-profit that works to enhance walking and biking in the community, was recently notified that Carson City’s Ash to Kings Trail was selected as winner of the Coalition for Recreational Trail’s Annual Achievement Award in the Community Linkage category.

Al Kramer, Republican candidate for Assembly District 40 in Carson City, says a flier accusing him of not paying his property taxes is a lie.The flier was paid for by the Nevada Jobs Coalition PAC in ...