Tax, Tax, and More Tax

Do you like paying taxes? Neither do I and neither do most people.

Tax Collector If the referendum passes on March 19th, the average Gwinnett family will pay over $700.00 a year in additional taxes. A one cent ($.01) increase in the sales tax doesn’t sound like much until you examine the numbers.

According to Gwinnett County, there are approximately 203,000 families living here. A one cent sales tax will raise $156,000,000.00 (one hundred fifty six million) per year. Simple division yields $768.47 per family per year.

Keep in mind that the average price of a new car is $35,000.00 – one cent adds $350.00 to the price. If you spend $150.00 per week on groceries it means an additional $78.00 per year.

If you buy furniture, TVs, gasoline, cosmetics, clothes, lumber, paint, grass seed, fertilizer etc., etc., etc. everything you buy in Gwinnett will cost 1% more.

Some argue that businesses will pay the sales tax too and reduce the cost to families. Simple economics will tell you that businesses don’t pay sales tax, they COLLECT sales taxes from the consumer and pay it to the state.

The only way to keep the politicians from spending and wasting your money is to not give it to them in the first place.