New tax in the "bag" for Baltimore?
Baltimore City Councilman Brandon M. Scott is introducing a 10 cent plastic bag tax. This bag tax would extend to any retail or sales businesses that use plastic shopping bags.
However levying a bag tax would not be the first new burden for retail businesses which includes mom and pop corner stores and department stores.
- · A 2 cent plastic bottle tax (for Baltimore City only). Will be increased to 5 cents per bottle in July 2013.
- · July 1st,2013 the tolls for the Baltimore Harbor Tunnel increases to $4.00.
- · July 1st, 2013 the gas tax increases.
Already Baltimore City has the highest local tax rates in Maryland.
- · Highest property tax – A staggering $2.268 per $100 of assessed value.
- · Highest personal income tax rate – 3.2%.
Don’t forget about Maryland state taxes that are factored in to the equation.
- · 8.25% corporate tax rate (was 7% in 2006).
- · 6% sales tax. (was 6% in 2006)
- · 9% alcohol tax. (was 6% in 2010)
- · The rain tax. (New for 2013)
Done? Nope! Businesses still have to pay for health department inspections, permits, ‘deli scale’ certifications, insurance, unemployment insurance, wages, overhead, increasing energy costs, and much more. All of these taxes and business costs increase the prices of everyday family staples like food and diapers.
Shock at the checkout line for consumers won’t stop as long as government keeps adding on burdens like this ‘bag tax.’ Expect more expensive goods and services in Baltimore City thanks to big government policies!
Read the story in The Baltimore Sun.