Nevada: Who Pays? 7th Edition
Nevada
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All figures and charts show 2024 tax law in Nevada, presented at 2023 income levels. Senior taxpayers are excluded for reasons detailed in the methodology. Our analysis includes nearly all (99.9 percent) state and local tax revenue collected in Nevada.
State and local tax shares of family income
| Top 20% | |||||||
| Income Group | Lowest 20% | Second 20% | Middle 20% | Fourth 20% | Next 15% | Next 4% | Top 1% |
| Income Range | Less than $24,500 | $24,500 to $45,500 | $45,500 to $75,900 | $75,900 to $129,200 | $129,200 to $254,100 | $254,100 to $688,800 | Over $688,800 |
| Average Income in Group | $14,700 | $35,500 | $59,300 | $101,200 | $166,400 | $375,200 | $2,434,500 |
| Sales & Excise Taxes | 7.5% | 6.1% | 5.2% | 4.4% | 3.6% | 2.4% | 1.1% |
| General Sales–Individuals | 3.2% | 3.2% | 2.7% | 2.4% | 1.9% | 1.1% | 0.2% |
| Other Sales & Excise–Ind | 2.7% | 1.5% | 1.1% | 0.8% | 0.6% | 0.3% | 0.1% |
| Sales & Excise–Business | 1.6% | 1.5% | 1.4% | 1.2% | 1.1% | 1% | 0.8% |
| Property Taxes | 3.4% | 2.4% | 2.5% | 2.5% | 2.3% | 1.8% | 1.1% |
| Home, Rent, Car–Individuals | 3% | 2.1% | 2.2% | 2.2% | 2% | 1.3% | 0.3% |
| Other Property Taxes | 0.4% | 0.3% | 0.3% | 0.3% | 0.3% | 0.5% | 0.8% |
| Income Taxes | 0.6% | 0.6% | 0.6% | 0.5% | 0.5% | 0.4% | 0.2% |
| Personal Income Taxes * | 0.5% | 0.6% | 0.6% | 0.5% | 0.5% | 0.4% | 0.2% |
| Corporate Income Taxes | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Other Taxes | 0.4% | 0.4% | 0.3% | 0.3% | 0.3% | 0.4% | 0.4% |
| TOTAL TAXES | 11.9% | 9.5% | 8.6% | 7.8% | 6.7% | 5% | 2.8% |
| Individual figures may not sum to totals due to rounding. | |||||||
| * Nevada’s Modified Business Tax is presented on the personal income tax line, despite being remitted by businesses, to improve the comparability of Nevada’s results to other states that tax salaries and wages within their personal income tax codes. | |||||||
ITEP Tax Inequality Index
ITEP’s Tax Inequality Index measures the effects of each state’s tax system on income inequality. According to this measure, Nevada has the 5th most regressive state and local tax system in the country. Income disparities are larger in Nevada after state and local taxes are collected than before. (See Appendix B for state-by-state rankings and the report methodology for additional detail.)
Tax features driving the data in Nevada
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Sales tax base excludes groceries
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Levies business payroll and gross receipts taxes in lieu of personal income or corporate profits taxes
Real estate transfer tax does not include higher rate on high-value sales
Does not provide tax credits to offset sales, excise, and property taxes
Comparatively high reliance on sales and excise taxes
Does not levy a tax on estates or inheritances
No broad-based personal income tax
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