Wait for the “but” …
North Carolina’s Senate Democrats are set to consider a plan Wednesday that would change the state’s tax system by reducing overall rates but adding taxes to many services for the first time.
The Senate Finance Committee is expected to receive a proposal that would lower the sales tax rate people pay in most counties from 6.75 percent to 6 percent and reduce corporate and individual income tax rates, according to a document highlighting the potential changes obtained by The Associated Press. The 2 percent tax on food at grocery stores and other retailer also would be repealed, the document said
But the proposal, which will serve as a template for Senate leaders seeking to reform the tax system this year, also would place the sales tax on a host of services, including building repairs, warranties, information technology, moving expenses and sales of downloaded music and software.
Read the rest of this WRAL.com article here.
This article appears in Apr 21-28, 2009.
You didn’t wait for the “but.” It’s important that you understand the issues before you spout off about them, though I understand that concept — understanding — may be too broad for your small mind.
Lawn Service, who has been cutting Charlotte laws for 15 years now, currently charges $50, no taxes included.
Soon, Lawn Service will charge $50 + 7% (picking a number) = $53.50.
They maintain the lawn twice a month, so that’s $107.00.
That’s also $84 — in new taxes — each year for ONE service. That’s not counting other services the lawn-maintenance-needing homeowner requires.
More, the time the lawn service has to spend filing forms and taxes — instead of cutting lawns — priceless. OR! The money they now have to spend to hire someone to file their taxes for them, the invoices they have to change, the accounting system they have to update, the customers they’ll lose, the time they have to spend gathering all of this information to hand over to their new bookkeeper…
This is better, huh?
I’m sure Lawn Service thinks it’s a GREAT idea.