Weird Taxes Affecting You Right Now

By
Services for Real Estate Pros with Think Glink Media

As you probably learned in middle school history class, the formation of the United States of America was precipitated by just one tax too many from the British—the Stamp Act led to an infamous Tea Party and, ultimately, a revolting situation.


Watch out! We may be on the verge of a new revolt. Take a look at some of these new taxes that might affect your bottom line:

Tanning Tax: Hot Stuff!

The cause? The new tanning tax! Courtesy of the Affordable Care Act, if you want to get a little artificial sun, you will now pay a 10 percent tax on indoor tanning services. How un-American is that? That’s really going to impact George Hamilton’s budget. What about yours?

Now You See It, Now You Don’t Tax

Wyoming did something smart, effective July 1 of this year. They stopped taxing sales of digital products with only fleeting use. For instance, you no longer have to pay sales taxes on downloadable pay-per-view films, since you don’t get to keep the file permanently. Of course, if you download ebooks that you get to keep forever, the sales tax is still there.

For more, read Eva Rosenber's post on the Equifax Personal Finance Blog.

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Rainmaker
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Robert Rauf
HomeBridge Financial Services (NJ) - Toms River, NJ

The Sin and Luxury taxes will always be there.  Scary how much tax there is on certain items like Liquor and Cigarettes..

The other hidden taxes: take a look at what states/counties are charging for recording fees etc.. they have bumpped up a lot over the past few years.

and in NJ, we now have a mansion tax. if you buy a home over 1,000,000 you pay an additional 1% tax for the honor of spending that much.

 

Sep 29, 2010 12:46 PM #1
Rainer
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Virginia OnullConnor
RealtorĀ®, Photographer, Artist - Temecula, CA
Realtor - Temecula, Anza, SoCal

California would tax the air we breathe if they could figure out how to monitor it.

Sep 29, 2010 02:57 PM #2
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Cindy Marchant
Keller Williams Indy NE 317-290-7775 www.marchantteam.com - Carmel, IN
"Cindy in Indy" , Realtor, Fishers Real Estate

I think we are one of the few states that have a County tax on top of everything else; we are also paying a higher sales tax to pay for our new Colts stadium....

Cindy In Indy

Sep 30, 2010 09:19 AM #3
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Ilyce Glink

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