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      September 21, 2018

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Debt Consolidation in Nevada

Nevada MapWhen considering consumer debt in the state of Nevada, statistics vary widely across a number of dimensions. For example, Nevada ranks absolutely last when looking at the proportion of college graduates with debt. Only 43% of students receive their diplomas with any remaining student loans. And, for those who do have loans, the average amount of that debt is $21,666, placing them 48th out of 50 states.

However, foreclosure rates in Nevada are some of the worst in the nation, with an average of one in every 495 homes in the state in foreclosure. These rates may correlate with the median sales price of $184,500 for single-family homes. Foreclosure can sometimes be avoided with the help of a debt consolidation agency, to develop a plan before oneís debt becomes unmanageable.

Credit card debt in Nevada is the fifth-highest in America, with the average citizen carrying a credit card balance of $9,107.19. However, Nevada is one of four states experiencing the greatest drop in per capita debt, going from $88,500 to $49,350 in a five-year period.

Bankruptcy rates are also high, with over 10,500 Nevadans filing for individual bankruptcy in an average year, representing a rate of 4.28 filings out of every 1000 people. This puts Nevada in 7th place in the country. Debt consolidation is one strategy available to residents seeking to avoid filing for bankruptcy.

Nevada residents should be aware of the laws governing debt collection in the state - especially that for most debts, there is a six-year statute of limitations. This statute of limitations does apply to medical debt in the state of Nevada. State law does allow for wage garnishment for the collection of most kinds of debt. Additionally, debt collection agencies are required to be licensed by the State Commissioner.


Releasing tax returns an issue again - in governor's races

Cox - who released his two-page 1040 forms, but none of the attachments or schedules released by Newsom - suggested the Democrat is taking advantage of lower income taxes in Nevada and getting ...

Published:  Thu, 20 Sep 2018 06:20:00 GMT

State Migration Increasingly Driven by Taxes

Nevada, Oregon, South Carolina, Tennessee, Utah and Washington. CARTOONS | Robert Ariail View Cartoon As Edwards rightly explains, the recent tax reform will make these trends even more potent.

Published:  Wed, 19 Sep 2018 21:01:00 GMT

Nevada marijuana sales set 'gold standard' for nation

The first full year of legal marijuana sales in Nevada generated about $70 million in new tax revenue, exceeding expectations by 40 percent. Nevada's first year of total taxable sales of marijuana was ...

Published:  Wed, 19 Sep 2018 09:08:00 GMT

Trump endorses Dean Heller in Nevada Senate race

Nevada Sen. Dean Heller, who drew President Donald Trump's ... Heller's vote was instrumental in passing Trump's tax-cut legislation in 2017, Lara Trump, senior adviser to Donald J. Trump for Presiden...

Published:  Thu, 20 Sep 2018 13:15:00 GMT

Marijuana bill caps tax rate at 10 percent, among lowest in the U.S.

Washington state and Oregon tax cannabis at 37 percent and 17 percent, respectively, while California, Colorado and Nevada impose a combination of sales and excise taxes in excess of 15 percent, accor...

Published:  Tue, 18 Sep 2018 16:16:00 GMT

Candidates for governor spar over making tax returns public

Cox - who released his two-page 1040 forms, but none of the attachments or schedules released by Newsom - suggested the Democrat is taking advantage of lower income taxes in Nevada and getting rich fr...

Published:  Thu, 20 Sep 2018 08:35:00 GMT

Trump tax law takes center stage in Nevada Senate race

The war over President Trump Donald John Trump Tiger Woods calls Nike's Kaepernick campaign a 'beautiful spot' EPA lost more than 1,500 workers in first 18 months of Trump administration: report Trump ...

Published:  Sat, 08 Sep 2018 10:56:00 GMT

Keeping Track of Nevada's Cash-Only Cannabis Industry Taxes

The legal marijuana industry brought in about $70 million in tax revenue last year, surpassing the estimated $50 million. That money is all collected by the state, in cash. Cannabis tax revenue comes ...

Published:  Mon, 17 Sep 2018 18:13:00 GMT

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