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.