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News-Sentinel.com Your Town. Your Voice.
Opening Arguments

Taxing times

Thanks to the Reporter-Times of Martinsville for putting the sales-tax increase in terms I can relate to:

Starting Tuesday, that cranberry scone and tall latte at Starbucks is going to cost you five cents more.

And if you are in the market for a 2008 Chevrolet Impala, you will pay about $230 more on Tuesday than if you had bought the same car the day before.

Actually, in my real life: My McDonald's double cheeseburger, the pride of the $1 menu, will cost me 1 cent more. The newspaper at least gets the math right. An increase of the sales tax from 6 cents on the dollar to 7 cents on the dollar is an actual tax increase of 16.7 percent, not 1 percent, as so many seem to think.


Bob G.
Tue, 04/01/2008 - 8:29am

I was "splainin" that whole 1% vs 16% thing to the missus yesterday.
And "if" you're buying that Impala that costs $230 MORE...you can wipe that out by haggling with the saleman on all those "options" you simply DO NOT NEED.

Could be worse...could be CHICAGO (10.25%)