Cigarette, cable TV taxes would increase

I can see it now a bill for two to the damn movies will cost $50!Thanks Easley! :-)

Tax policy changes in Gov. Mike Easley’s proposed fiscal 2005-06 budget:

  • increase cigarette tax by 35 cents to 40 cents per pack on Sept. 1.
  • keep half-cent sales tax that is set to expire July 1.
  • first step in phase out of higher income-tax bracket, from 8.25 percent to 8 percent.
  • raise sales tax on telecommunications services from 6 percent to 7 percent.
  • raise sales or franchise tax on satellite and cable television from 5 percent to 7 percent.
  • raise sales tax on liquor from 6 percent to 7 percent.
  • apply 7 percent sales tax to candy.
  • make newspaper sales tax uniform.
  • raise movie, live performance sales tax to 7 percent.
  • exempt farm machinery and fuel from sales tax.

Source: Associated Press

Cigarette, cable TV taxes would increase

RELATED  ALDI opening in Houston & Pearland, TX. What's ALDI like?

Rob Ainbinder

Rob is an SEO and Marketing strategist, creator, writer, entrepreneur, blogger, Dad and husband. He is also the author of “Mastering Google Keep”. In his spare time, Rob enjoys completing home improvement projects, crafting barbeque and cheering on the New England Patriots. Rob lives with his family (daughter, and dog Lilly) in Greensboro/High Point/Winston-Salem area of North Carolina.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.