Have you wondered how sales tax helps the City? We always hear "let's make our City more business friendly." We hear this because of sales tax revenue.
After sales taxes are collected, they are distributed. The State gets a portion and the county and city the business does business in also get a portion.
West Valley City gets 1% of all sales tax revenue for all sales within the boundaries of West Valley City. The more businesses that set up shop in our City and sell products or services, the more revenue for WVC.
In Las Vegas there is not a State Income Tax because the casinos are taxed on their revenue enough they don't need one. It would take a lot of businesses to eliminate property taxes, but if we had more and they did better, we could certainly lower our property taxes.
I'll have another idea about sales taxes that would lower property taxes Monday morning, stay tuned.
22 August 2009
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