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This belongs to you. Take it back...
Wed Apr 07, 2010 at 09:12:46 AM EDT
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According to this morning's Albany Times-Union:
Among this year's batch is a plan offered by Assembly Democrats to repeal a long-standing exemption on sales taxes for printed promotional and marketing materials...
"It's an easy revenue target," said Eric Mower, CEO of Eric Mower and Associates, which along with postal carriers, newspapers and others has joined a growing effort to preserve the sales tax exemption, valued at $25 million annually. "Legislators look for revenue sources where there is the least amount of outcry." |
| DeWitt :: "Revenue Raisers" We Can Believe In |
| The real surprise here is that this exemption ever existed. The argument that sales taxes could lead a print shop to leave the state is true to an extent, but the same could be said for virtually any kind of business. I don't see a reason for a special exemption in this case since we're not discussing just any kind of printing, but printing for promotional material (i.e. junk mail). All taxes have the potential to impose some kind of drag on output, but at least in this case there is the potential that it would reduce the number of circulars in my mailbox. |
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