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Sales and Use Tax Rate Increases on April 1, 2009

Posted by editor On March - 11 - 2009


Image from townoffrisco.com

California Sales tax will increase by 1% starting April 1, 2009.  This means we will have to pay even more when we go shopping.  We already restrain ourselves from shopping because of the recession. Now, we have to restrain ourselves even more because of the high sales tax.  Where I live, the sales tax is already 8.75%.  By April 1, 2009 it will be 9.75%.  That is almost 10%!

Retail stores are already hurt because of the recession.  I’m not an economist, but I’m thinking that the increasing sales tax will not do them any good.  I guess retail stores just have to give more discount to attract the consumers.

Saks is already down $99 million because of the large discount they gave to reduce inventory. Here is the complete article from New York Magazine Read the rest of this entry »

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A homemaker who is trying to fill up her free time blabberring about things she finds exciting through blogging!

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