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Sounds as if the county commission is going to consider putting forth another 1/4 cent sales tax increase which is is allowed to do without further state approval. It might be on the agenda in August. it's because they don't have enough money to pay for everything (debt).
I believe this means the top sales tax rate in the area would rise to 9.5%. (restaurants, hot food from grocery store, etc) Most everything else would be 8.5%.
This is becoming a significant percentage of the purchase price of anything. It's what happens when local government has unrestrained spending and borrowing.
Sounds as if the county commission is going to consider putting forth another 1/4 cent sales tax increase which is is allowed to do without further state approval. It might be on the agenda in August. it's because they don't have enough money to pay for everything (debt).
I believe this means the top sales tax rate in the area would rise to 9.5%. (restaurants, hot food from grocery store, etc) Most everything else would be 8.5%.
This is becoming a significant percentage of the purchase price of anything. It's what happens when local government has unrestrained spending and borrowing.
+1
When we as individuals earn less, we make cuts and spend less.
When GovCo earns less (through diminished tax revenues) they just increase the tax rates - pure genius.
I saw the newa story and thought it was to put it to a vote to get it on the ballot for November? Anyway I had posted this response earlier. Government spending is out of control Where will it end?
I saw that they are trying to put another .25% increase in Mecklenberg county on the ballot for November. The problem stems from the state not collecting enough in taxes to support their budgets. The food tax is a perfect example of trying to get dollars back into the city/state coffers.
The little thing called the internet that we all know and love has taken a big bite out of local revenue collections. The government who knows this is going on does nothing while local businesses who employs local people invests in the community loses sales because the person can shop online and save a couple of bucks on the cost but more importantly they save on the TAXES. Buy a $1000 TV at BB and it costs you an extra $100 same tv on the internet saves a minimum of $100. Meanwhile your local business that must collect a tax loses out on a sale that puts dollars into another state.
At some point the business has to let people go or worse goes out of business which has a domino effect on the economy. At some point the tax becomes a burden and the ones who work for a living look for alternatives to keep more of their hard earned dollars (which btw are taxed at the federal and state level). Meanwhile at the local level less dollars are collected which means more taxes.
Buy and shop Local when possible
Awhile back I read that it costs approximately $ 8800 to educate a child per year in Charlotte. Do the math. If the average tax collected on a 2500 sq ft house is $2200 with 2 to 3 children the money has to come from somewhere. Now we have to employ police,fire and local government plus other services that the County provides.
The argument about it being a transplant wanting what they wanted back where they came from is xenophobic and inaccurate.
If you are going to have the same problems after you raise the taxes then the problem is not lack of revenue it is the spending habits. It is like being broke with little money then you make a whole lot more and have the same problem.
Location: The place where the road & the sky collide
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Quote:
Originally Posted by Barkingowl
Ft. Mill is closer for me.
+3
ROFL, yup & it looks like they are about to find out that they've hit the saturation point on the sales tax.
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