02-19-2014, 04:42 AM
quote:
We pay taxes on our groceries?!? Wow! My goodness how "progressive" is that?
Yes: it's an "excise tax" which applies to gross receivables and may be "passed along" to the consumer at point-of-sale.
If you earn less than the median, a portion of the GET is returned to you in the form of a "refundable tax credit", all you have to do is file your tax return and wait for the check.
Clearly "your fault" if you can't afford to loan money (for free) to the State. (Until they process your tax return, which might be delayed into the next fiscal year, so that the budget appears balanced.)