Comments on: 1% sales tax increase six times harder on “working families” than income tax surcharge http://pulse.ncpolicywatch.org/2009/07/26/1-sales-tax-increase-six-times-harder-on-%e2%80%9cworking-families%e2%80%9d-than-income-tax-surcharge/ Affecting NC public policy through informed, energetic and progressive conversations. Sat, 11 Feb 2012 18:17:29 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Tom C http://pulse.ncpolicywatch.org/2009/07/26/1-sales-tax-increase-six-times-harder-on-%e2%80%9cworking-families%e2%80%9d-than-income-tax-surcharge/#comment-41554 Tom C Sat, 08 Aug 2009 12:32:08 +0000 http://pulse.ncpolicywatch.org/?p=7516#comment-41554 How does 1% of $500 become $39? Back in the days of old math, 1% of $500 was $5. If you're saying the total tax would be $39, that's fine but it's an increase from $34 to $39, not from $0 to $39. The income tax increase is an actual increase regardless of purchasing decisions. Once taken from the taxpayer, it's gone and can never be spent by the him/her for any purpose whatsoever. How does 1% of $500 become $39? Back in the days of old math, 1% of $500 was $5. If you’re saying the total tax would be $39, that’s fine but it’s an increase from $34 to $39, not from $0 to $39. The income tax increase is an actual increase regardless of purchasing decisions. Once taken from the taxpayer, it’s gone and can never be spent by the him/her for any purpose whatsoever.

]]> By: The Progressive Pulse – Details of the Latest Tax Package http://pulse.ncpolicywatch.org/2009/07/26/1-sales-tax-increase-six-times-harder-on-%e2%80%9cworking-families%e2%80%9d-than-income-tax-surcharge/#comment-41055 The Progressive Pulse – Details of the Latest Tax Package Fri, 31 Jul 2009 18:46:16 +0000 http://pulse.ncpolicywatch.org/?p=7516#comment-41055 [...] objection to the income tax surcharge being imposed on working families. As Elaine Mejia wrote earlier in the week, the proposed 1% sales tax increase would have been far worse on low- and moderate-income [...] [...] objection to the income tax surcharge being imposed on working families. As Elaine Mejia wrote earlier in the week, the proposed 1% sales tax increase would have been far worse on low- and moderate-income [...]

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