Taxes Are Helping To Lighten Wallets
The sales tax is set to increase and LA County is feeling
People planning on buying a new car or making a big purchase
may want to do so today.
The sales tax in California
is set to increase 1% tomorrow (1 cent), bringing the total to 8.25%.
currently pay 8.25%, but at midnight that will rise to 9.25%.
Measure R, which was passed in November to fund rail, bus,
and freeway projects, will add an additional .5% to LA County shoppers starting
The grand total to local residents will be an increase of
1.5% rounding out at 9.75%.
The increase is expected to shore up the states widening
budget deficit, but it is only temporary.
The 1% state increase will expire on either July 1, 2011 or
2012, depending on whether voters approve Proposition 1A in the special May
An increase of only 1% may not be noticeable on small
purchase items, but that increase will add an extra $300 to a $30,000 car.