By Cheryl Lock
NEW YORK (Learnvest) — It’s tax time!
And while you’re busy scrambling to get together your return for this year, a Time article points out six new taxes that may be coming your way in the near future. A few have even already passed.
Take a look at some of the ideas:
A 5% sales tax has been proposed in Ohio for entertainment such as circuses, museums, bowling and tickets to sporting events and concerts. This proposed tax would even include tickets for high school sporting events.
Taxing soda is not a new idea, but the concept has come up again in Vermont, where a bill was recently advanced to add a 1 cent-per-ounce tax on every sugar-sweetened beverage sold there.
Environmentally friendly cars and bikes
If you think you’re ahead by driving or riding an environmentally friendly vehicle, think again. States make money off the gas sold to fuel vehicles, and as such Washington state is adding a $100 annual tax on electric cars. The state is also considering another additional $25 tax on bikes that retail for $500 or more. The argument is that motorists feel cyclists aren’t paying their fair share to build and maintain roads.
In Virginia, you could soon be taxed for every mile you drive. Some estimates put the cost of such a tax between $108 and $248 per year, compared with the $96 drivers now pay in federal gas taxes. Those against the tax are concerned about a tax that would allow states to monitor their personal mileage.
Not even your wood is safe. Retailers in California have been expecting to collect an extra 1% in taxes on sales of 2-by-4s, plywood and other unfinished lumber. The tax is estimated to generate between $30 million and $35 million a year to help the state enforce stringent timber-harvesting regulations.