By fitsnews – January 25, 2010
By FITSNews || Like state governments all over the country, Colorado is looking for any (and every) possibly way to keep taxpayer money flowing into its coffers as the worst economic downturn in eight decades shows absolutely no sign of letting up.
One method they’ve discovered?
Taxing taxes.
That’s right … beginning in August of last year, Colorado’s Department of Revenue began applying the state’s 2.9% sales tax to a government fee on used tire disposal.
“Effective August 5, 2009, the waste tire recycling development fee is considered part of the purchase price and is subject to sales tax,” an FYI memo from the Revenue Department states.
Don’t believe us?
Check it out …
All told, Colorado’s “Tire Fee Tax” will generate an estimated $300,000 to $500,000 in government revenue each year.
Obviously, this is just a drop in the budget bucket for Colorado (or any state government), but it’s emblematic of the sort of garbage that state governments all across the country are planning on pulling in order to deprive their citizens of additional revenue during these difficult times.
Let’s hope South Carolina’s fiscally conservative lawmakers are paying attention …
