Our nation's debt is literally indenturing our children to our international debt holders, but most Americans don't care because they are more concerned about the latest saga involving Snooki on Jersey Shore rather than what really matters, our country’s future.

Tuesday, December 1, 2009

Never Agree to a Tax Increase Even If It Is Temporary Because "Temporary" Is Not Something Govt. Understands

As a result of the damage from the 1936 flood, the Pennsylvania General Assembly imposed an emergency tax on all alcohol sold in the Commonwealth. The "temporary" 10%tax was initially intended to help pay for clean up, recovery, and assistance to flood victims. The tax was never repealed and in 1963 the tax was raised to 15% and again in 1968 to 18% (not including the statewide 6% sales tax). The nearly $200 million collected annually no longer goes to flood victims, however, instead going into the general fund for discretionary use by lawmakers.

The Pennsylvania Department of Revenue states:

"All liquors sold by the LCB are subject to this tax which is computed on the actual price paid by the consumer including mark-up, handling charge and federal tax. The first sale of liquor also is subject to the sales and use tax at the time of purchase."

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