Chicago's Cook County has just hiked its sales tax rate to 10.25%, and residents are predictably upset. What isn't mentioned in the article is the role that high gas prices play in enabling this sort of tax hike.

It will definitely be cheaper to shop in the suburbs. Buy a $500 TV in DuPage County where the taxes are 6.75 percent and you'll pay $534, in Chicago where the taxes are 9 percent, you'll pay $545 for that same television, and when taxes increase to 10.25 percent, you'll pay $551.

For that reason, businesses are concerned that consumers will leave Cook County to make purchases.

Maybe, but the higher gas prices are they more expensive it becomes to leave the county to shop. In essence, Cook County is taking advantage of high gas prices to gouge its residents and further empower the county government.

0 TrackBacks

Listed below are links to blogs that reference this entry: High Gas Prices Enable Sales Tax Hikes.

TrackBack URL for this entry: http://www.mwilliams.info/mt5/tb-confess.cgi/5031

Comments

Supporters

Email blogmasterofnoneATgmailDOTcom for text link and key word rates.

Site Info

Support