Massachusetts sales tax increase takes effect, small businesses in Massachusetts will take a big hit
The law increasing the Massachusetts sales tax from 5- to 6.25-percent has entered into effect.
Lawmakers said the extra revenue gained from the tax increase was needed to prevent deeper budget cuts.
Some worry that small businesses in Massachusetts will take a big hit in the competitive field of retail sales, with a tax-free New Hampshire close by.
“Five percent was bad enough and we would have to compensate the difference in our margin of profit. But now we’re going to have to start eating more of our profit in order to take care of our own customers,” Dick Dube said.
Massachusetts and California were the only two states to raise the sales tax in during this tough economic year.
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Oh Well who cares about small businesses, Obama does not!
LINKS:
(1) North Carolinians 1.1 Billion Dollar Tax Hike, Income Tax Highest In Southeast
(2) Dodd and Obama: Corrupt birds of a feather; Update: Resisting subpoena; Dodd has prostate cancer
Planning 60 mile trips to NH monthly to stock up on booze and other necessities. Not sure it will dave me money but the corrupt legislature will not gain with my money. And mostly the inept Obama puppy gov will not see the money of mine.