If you’ve been thinking what a great idea! Let’s increase the sales tax by 1%, let’s tax the rich businesses or if you’ve been thinking, well because I’m the 99%, I won’t notice a 1% increase as I’m buying groceries, think again.
Remember that a 1% increase in SALES TAXES might mean a 10% decrease in the your employer’s net business income. That could be equal to your SALARY.
But don’t worry, you won’t even notice that 1% when you’re buying your groceries . . oh, unless you don’t have a job . . .