North Dakota is in an oil boom right now, with 171 oil rigs operating right now. The state is so confident in it's economic that it's about to cut it's taxes. (see the TV show "Boomtown") From the Minot Daily News: North Dakota's House has approved proposals to reduce the state's income taxes on individuals and corporations.
Both measures were endorsed by large margins Tuesday. They seek to reduce individual income taxes by about 15 percent across the board.
The individual income tax cut would save North Dakota taxpayers almost $100 million over two years.
The corporate tax cut would set up a single 4.9 percent tax rate, and exempt the first $75,000 of corporate earnings from state taxes. It would provide a $50 million benefit to corporate taxpayers.
Both measures were endorsed by large margins Tuesday. They seek to reduce individual income taxes by about 15 percent across the board.
The individual income tax cut would save North Dakota taxpayers almost $100 million over two years.
The corporate tax cut would set up a single 4.9 percent tax rate, and exempt the first $75,000 of corporate earnings from state taxes. It would provide a $50 million benefit to corporate taxpayers.
People say to diversify Nevada's economy. In North Dakota, the businesses are farms, military and oil.
Too bad we can't find oil in Nevada, but then Harry Reid would find a way to screw it up.
I used to live in North Dakota. Join the Air Force to see the world and I saw "Why Not Minot" for almost 4 years, but I loved it. I used to live in Dunseith and worked at a state institution for the mentally disabled until they shut it down. (San Haven) It's beautiful up there, especially up in the Turtle Mountain region and the people are great. I even got to see Tiny Tim in Antler N.D.
So, congratulations to North Dakota and don't forget to save some money. And don't over extend yourselves like we did in Nevada.
Could you get the Packers games on the radio in Minot? I know there is a Packers Radio Network station in Bismarck, but I'm not sure how far the signal travels. I know you can't pick it up in Fargo.
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