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Unemployment is at 11% in North Carolina and our elected folks in Raleigh think it’s a good time to raise taxes.
Where do we keep finding these people? And why do we keep electing them?
Anyway, you’r taxes are about to go up and there’s a new website that attempts to explain what it might mean for you:
Here’s a brief synopsis of how your taxes will be raised unless you do something about it:
- Make 2 higher tax brackets for upper income people.
- Raise sales tax by 1/4 percentage point. They’ve raised it so many times I don’t even know what that will equal.
- Impose sales tax on service contracts, repair, maintenance and installation services. This means that if you buy a television from Best Buy, you’ll have to pay sales tax on the service contract. You’ll also pay sales tax when you get your car repaired – not just on the parts, but on the labor. And to get DirectTV installed next time you switch back from Dish Network. I’ve also heard that one interpretation of this is that you’ll have to pay sales tax on your lawn service. And so forth and so on. It’s everything.
- Impose sales tax on courier services. This is UPS, Fed Ex, your Christmas packages, and your LL Bean backpacks.
- Impose sales tax on digital products – music and movie downloads, ebooks, software, ringtones, etc.
- Impose sales tax on companies with affiliate marketers within NC. (That’s how I make my living.)
- Charge sales tax on movies, theme parks, races, sporting events, *gym memberships*, cover charges and so forth and so on.
- Increase liquor tax by 1 1/2 percentage points.
- ***Except as otherwise provided, this act becomes effective July 1, 2009.***
