Keane observations about life, politics and sports.

Thursday, September 17, 2009

Philadelphia Encourages People to Shop Elsewhere

Facing a budget "crisis" due to outspending their tax revenue, Philadelphia is raising their sales tax to 8%! So, folks who live there pay heavy federal income tax, FICA tax, a 3.07% state income tax, property taxes and then if they want to buy something with what little is left they get charged an 8% sales tax. How will people respond? Those who can will shop elsewhere.

Ever notice politicians never seem to consider reducing spending? The first choice is always to raise taxes without considering the effect it will have on the economy.

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1 Comments:

Blogger bob said...

Effect has very little to do with ant legislation. It's all about getting reelected if you cut spending somebodies always going to be angry.

September 17, 2009 at 4:24 PM

 

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