Posted on 02/27/2011 4:19:29 PM PST by matt04
HARTFORD, Conn. -- Devotees of coupons and discounts are angry at Gov. Dannel P. Malloy's proposal to slap a new sales tax on the original price of a good or service rather than the discounted price.
Ending the sales tax exemptions for coupons, discounts and automobile trade-ins are among tax exemptions Malloy has proposed ending to help close the state's projected $3.5 billion deficit. For example, the tax would be imposed on the $30 price of a blouse, not the $15 sales price.
... Like many avid couponers, Juliano pays little or nothing for items after matching coupons with sales. For example, she recently used a $3 coupon to buy a bottle of Gain fabric softener that was on sale for $2.99 at Rite Aid.
"Under his proposal, I would have to pay tax on that, which is not right because I didn't pay for the item," said Juliano, who runs classes on couponing. "Everybody who does this, it's not like they're rich. They're doing this to survive."
(Excerpt) Read more at wfsb.com ...
If the State can do this to people, they can do anything they want. If they can somehow implement this, I think we would see quite a few large purchases being done in other states. If they want to kill their economy, this is a good way to do it.
This is essentially the government deciding what a product is worth, then taxing you on that "value".
And what would be the pre sale price? Last week? Yesterday?
This is plain and simple a plan to tax any sale at any value they feel like using. It is "Looking Glass Land" taxation...administered by the Red Queen.
This would justify a Tea Party more closely resembling the original. Nay, it would DEMAND one.
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I live in this state, where everyone talks 'RED', but votes 'BLUE' based on the big lie...'Democrats are for the little guy'.
Regularly sells for $10,000 today only $20,000. Save $2,000 by paying zero taxes!!!!
It was only offered for $10,000 for one minute when the cars arrived at the lot. Everyone has to understand the concept for it to work, though.
‘Tis crud like this that makes me reconsider the merits of a barter system.
Ask around and see who voted for these morons. I guarantee that “now” everyone in the state will deny voting for them!
In the end, war will ensure, someday, when the fat, non-producers shoveling money into their overstuffed checking accounts dries up, they will fight for the money they never earned.
Pensioners, unfortunately, could be the first hit.
Very interesting. I think it works the other way around here in New Jersey. If an item is “discounted,” then the sales tax is paid on the discounted price. If there is a “rebate” involved, then the tax is computed on the original price even if the rebate is applied right on the spot (as opposed to mailing in a form to get it back later). This is an important consideration in car purchases. If the sticker price is $25,000 and you negotiate it down to $22,500 . . . and the manufacturer is offering a $1,500 rebate on top of all that to bring the price down to $21,000, then you pay the sales tax based on the $22,500 price.
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