Why is there No Income Tax in Nevada?

Hinzugefügt: 2026-05-26

[00:00:00]Nevada was flat-broke in the early 1930s, so they legalized gambling as the last income resort. Workers flooded in to build the Hoover Dam. They needed somewhere to spend their paychecks.

[00:00:11]Bugsy Siegel noticed this and built a luxury [music] hotel in the middle of nowhere at an empty desert highway.

[00:00:18]Within a decade, the Strip existed.

[00:00:20]Nevada still has zero state income [music] tax. The whole state runs on gambling losses. Every time someone walks away from a table broke, they just paid for Nevada's schools.

[00:00:30]America didn't plan Vegas. It just stumbled into the most efficient money machine ever built and called it a vacation.