Jindal: Let's Eliminate Louisiana's Income and Corporate Taxes

Right now, Nevada is doing pretty well without an income tax, although of course revenues from sales taxes went down during the recession and revenue from property taxes took a hit. A consumption tax would be a good thing -- resembling a flat tax. Unfortunately, the NV legislature goes into session next week for one of its 120-day sessions every two years (we're saved from them most of the time) and there's a push to reverse the sunsetting of several taxes that are due to expire this year. And, the teacher's union has been pushing for a business margins tax which would take effect on GROSS income, so that a company that was unprofitable would still have to pay the tax.