Sunday, March 29, 2009

Rising Sales Tax coming April 1st.

I have been hearing about the issue of raising sales tax in California however I didn't realize that the law was passed already until today and will be effective until either mid-year 2011 or mid-year 2012 depending on the outcome of a vote that is going to happens around May 19th this year. I always wonder where does all those taxes money that we pay every year goes to, especially when California is one of the higher tax state around the country.

With all the economic issues that we are having right now, it is as if there is not enough effect on our daily life, now we have to add on this 1% hike in sales tax. 1% doesn't seem that much however it is over 10% hike from previous sales tax rate.

Now it is time to think of more ways to make an extra buck to cover the 1% sales tax that need to be pay everytime I visit the checkout counter at every store. We just can't catch a break these days.

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