Sales Tax & Other Tax Increases That May Affect You
- Tanning Tax. This tax is an excise or sales tax for those individuals who love to brown their skin. This tax will continue next year and it just started at the beginning of this month. Although it is a mid-year 2010 tax, it is still a new tax that will primarily impact individuals at the end of this year/start of next year as fall and winter approach.
- Brand Name Pharmaceutical Tax. This tax is an annual tax assessment on brand name pharmaceutical companies which amounts to a total of $2.5 billion for 2011. The end result is that many of us will see our brand name drug costs going higher.