9 things that will cost more this Sunday

Don't Waste Your Money

Thinking of buying a new car, a laptop, or a closet full of clothing in the near future?  If you shop in Ohio, you will have to pay another 1/4 percent in sales tax, beginning on Sunday, Sept. 1.

It's all part of a new tax plan approved by Gov. John Kasich and Ohio lawmakers. Your income tax will be reduced slightly, offsetting the increase for most working families.

-In Hamilton, Clermont, and Warren County the sales tax rises from 6.5 percent to 6.75 percent.

-In Butler County, the sales tax rises from 6.25 percent to 6.5 percent.

9 Things That Will Cost More

The good news: You'll barely notice the sales tax hike, unless you are buying a big ticket item, like a new car, boat, or kitchen.

It will add an extra penny onto every $4 item you buy. 

So there's no need to rush out to buy a new shirt, for instance, to beat the sales tax hike. But if you are buying a new car, you might want to close the deal on Saturday, Aug. 31, as opposed to on Monday, Sept. 2.

Here is how much more you will pay for 9 popular items:

         1. A $20 steak: an extra nickel

         2. A $40 restaurant dinner: an extra 10 cents

         3. A $500 IPAD:  an extra $1.20

         4. An $800 HDTV: an extra $2  

         5. A $1,000 refrigerator: about $3 more.

         6. $20,000 car: about $50 more. OK, now we are finally talking real money.

         7. A $40,000 SUV: An extra $100. But hey, that sure is a nice SUV!

         8. $50,000 worth of new kitchen cabinets, granite counters, and high end appliances: An extra $110. You'll get it back at resale time, though.

         9. A $90,000 cabin cruiser boat: An extra $205. But hey, if you can afford a $90,000 boat, that's chump change. Oh, and please invite me along for a cruise.

As always, don't waste your money.


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