Taxman Taketh, Taxman Giveth
Posted by Sindicator on July 1, 2010
Cancer sticks and fake-bakes will cost you more as of today. Ciggys go up $.75 per pack (zipping Nuevo México from 31st to 18th on the national cigarette tax average) and you will get taxed 10% more to jerkyfy yourself on your favorite tanning bed.
The gross receipts tax (most goods and services sans Rx and staple foods) will go up one-eighth cent, from 5 percent to 5.125 percent.
On the upside you have 90 days and counting to take advantage of The New Mexico Taxation and Revenue Department’s gracious Tax Amnesty Program which allows past-due state tax debtors to pay their tab sans penalties and fees.
HAPPY EARLY-INDEPENDENCE DAY! GOD bless America!
Lesson Learned: Taxes are the new quit patch and SPF.
