New Tax Increase

Now that the new tax increase has hit us here in California, how is this affecting you?  Has it?Franchise Tax Board

As of April 1, 2009, Ventura County’s sales tax rose from 7.25% to 8.25%.  The state sales tax varies now from 8.25% in many Ventura county cities to 9.25% in Los Angeles.  Even though some state politicians think this tax increase will help to fix the California budget, voters within the state see this as a detriment and may take their business elsewhere or think twice about spending at all.  This tax increase was not the stimulus I was looking forward to getting.

To tell you the truth, I was a cautious spender before this increase.  I would be shopping in Santa Clarita or Agoura and wait to buy something until I returned to Ventura County to purchase the item.  Yes, it is only a small percentage to pay in tax, but it adds up and on large items it really makes a big difference!  We are all looking for ways to spend more wisely and this new tax increase is not making it any easier.

There are some instances where shopping out of state has proved beneficial because the taxes are lower in other areas of the country.  Internet shopping and shopping while on vacation may be avenues for people looking to avoid the higher taxes, which will not help the California budget at all.  A friend purchased a car while out of state on a weekend trip and paid lower taxes to boot.  Saving money is always a good thing!

This new tax increase won’t bring me down.  There are ways to spend wisely and still get what I want like in the examples above.  There are also items that are exempt from taxes, which are under the Necessities of Life in the California Board of Equalizaion Publication 61. 

As we all know, one of the Necessities of Life is chocolate!  So buy some incredibly delicious chocolate today and enjoy saving 🙂

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