SB 622 2005 Appropriations Act
I. Shell Game Taxes:
II. Broken Promise Tax Package:
The temporary 8.25% personal income tax rate expires January 1, 2006, when it becomes 7.75%. The Senate increased the income tax from 7.5% to 8% in 2006 and then back to 7.75% in 2007, while lowering the qualifying income range, essentially raising taxes on the middle income families by moving them to a higher bracket. The Senate is telling voters it is cutting the income tax, but in reality, it is raising the tax on middle income earners by $20 Million. The House increased the income tax rate from 7.75% to 8.25% through January 1, 2006.
III. Smoking for the Children Taxes:
IV. Candy Taxes for Play Money
V. Fees Are Not Taxes aka We’ve Got Ocean View Property in Wilkes County Taxes
Fees are another hidden tax. Budget writers don’t call them taxes, but they are monies that have to be paid to get services from state government. Don’t let them fool you. These are tax increases: