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From: ags@seaman.cc.purdue.edu (Dave Seaman)
Newsgroups: comp.sys.mac.misc
Subject: Re: Luxury tax on computers!
Message-ID: <14817@mentor.cc.purdue.edu>
Date: 5 Oct 90 17:32:42 GMT
References: <4797@crash.cts.com>
Sender: news@mentor.cc.purdue.edu
Reply-To: ags@seaman.cc.purdue.edu (Dave Seaman)
Organization: Purdue University
Lines: 21

In article <4797@crash.cts.com> mdavis@pro-sol.cts.com (Morgan Davis) writes:
>HOW THE TAX WOULD WORK
>The luxury tax is a 10% tax assessed on the value of the following
>luxury items over the following threshholds:
> 
>    Cars over $30,000
>    Furs over $500
>    Jewelry over $5,000
>    ELECTRONICS over $1,000

It was my understanding, based on newspaper reports of around October 1, that
the budget proposal that was hammered out by the leadership did not include the
tax on electronics, though it did include the other items mentioned.  Now that
the leadership's proposal has been rejected, there is the possibility that the
tax on electronics may be restored, but I think it is unlikely that taxes will
be added to the existing proposal this close to an election, with the
prevailing winds blowing in the opposite direction.

--
Dave Seaman	  					
ags@seaman.cc.purdue.edu