Letters to the Editor

November 12, 2012

Tax increase is not just a penny

Once again, I see an article on the sales tax increase in Georgetown described as a “penny tax increase.” It not a penny, it’s a percentage increase. An increase from 6 percent to 7 percent is a 16 percent tax increase! And it hits hardest those least able to afford it. The lower income folks tend to spend most, if not all, of their take-home pay every week. Every dime they spend is taxed at a higher rate. When you describe this as a “penny increase,” you make it sound like there really isn’t much impact, which is very misleading, to say the least. Please stop writing misleading statements that describe these highly regressive, huge percentage increases in taxes as “just a penny.”

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