Photo Video
Car dealership (Photo by Tim Boyle/Getty Images)
Hide Caption

9 things that will cost more this Sunday

Don't Waste Your Money

a a a a
Share this story

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.

________________________

Don't Waste Your Money is a registered trademark of the EW Scripps Co.

"Like: John Matarese on Facebook

Follow John on Twitter (@DWYM)

Copyright 2013 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Print this article

Comments

Hmm... It looks like you’re not a WCPO Insider. or Subscribe now to contribute!

More DWYM
Secrets to avoid the soaring price of beef
Secrets to avoid the soaring price of beef

John Matarese has ways of avoiding soaring steak prices

Cobalt, Saturn owners anxious for repair
Cobalt, Saturn owners anxious for repair

John Matarese reports on the wait for ignition switch repairs

Scammers using Netflix to steal from millions
Scammers using Netflix to steal from millions

A dangerous new phishing scam is targeting the sensitive information of millions of Netflix users.

You Win Wednesday freebies
You Win Wednesday freebies

John Matarese shares the latest freebies. Click here for App of the Week

IRS phone scam targeting thousands
IRS phone scam targeting thousands

John Matarese has a warning about a major tax scam this spring.

Beware of home deed letters in your mailbox
Beware of home deed letters in your mailbox

John Matarese has a warning about a strange letter many people are receiving.

Prom or bridal dress shopping online? Beware
Prom or bridal dress shopping online? Beware

John Matarese has a caution for anyone trying to save money by dress shopping onlin.e

Heartbleed: Which websites have security bug?
Heartbleed: Which websites have security bug?

One of the biggest encryption flaws the Internet has ever endured has potentially affected thousands of websites.

Nextdoor: safer way to buy and sell stuff online
Nextdoor: safer way to buy and sell stuff online

John Matarese reports on a safer social network that filters out the scammers and spammers

App of the Week
App of the Week

Check out John Matarese's latest money saving smartphone apps.