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From: ragg0270@uxa.cso.uiuc.edu
Newsgroups: comp.sys.amiga
Subject: new tax on electronics?
Message-ID: <46200126@uxa.cso.uiuc.edu>
Date: 21 Sep 90 14:23:00 GMT
Lines: 14
Nf-ID: #N:uxa.cso.uiuc.edu:46200126:000:615
Nf-From: uxa.cso.uiuc.edu!ragg0270    Sep 21 09:23:00 1990



I noticed in the paper yesterday an article that said congress and the 
administration had agreed on a few items regarding the budget mess and
new taxes. One was to bring back the "luxury" tax. Among other things,
it would place a 10% tax on purchases of electronic items over $1,000.
It didn't explicitly say, but I assume computer equipment is considered
an electronic item. So if you bought, say, a $4000 A3000, you would pay
a 10% additional tax on the $3,000 over the $1,000 limit, for a total of
an extra $300. 
Something to think about if you're planning the timing of a big electronics
purchase.

Richard