Maryland sales tax increasing in '08
Dec. 12th, 2007 10:45 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
javasaurusYep, if you haven't heard yet, Maryland sales tax goes up on January 3, 2008, from 5% to 6% on all taxable goods. Food, medicine, a few other odds and ends are not taxable in Maryland.
What does that mean in real money? For each $10,000 you spend, that's an extra hundred dollars of tax. This includes houses and cars. The price of a $20,000 car will go up $200. The price of a $300,000 home just went up by $3000.
Of course, Delaware retailers near the border are celebrating. Delaware doesn't charge sales tax.
What does that mean in real money? For each $10,000 you spend, that's an extra hundred dollars of tax. This includes houses and cars. The price of a $20,000 car will go up $200. The price of a $300,000 home just went up by $3000.
Of course, Delaware retailers near the border are celebrating. Delaware doesn't charge sales tax.
