Friday, September 03, 2010

McDonnell proposes massive tax increase on small business owners

We knew there had to be a catch, and here it is. Bob McDonnell wants to raise taxes on small business owners that operate bars, clubs, and restaurants that serve alcohol:
Restaurants and bars that buy liquor from state stores now would have to pay for the privilege of buying directly from private wholesalers under a privatization plan being prepared for unveiling by Gov. Bob McDonnell next week.

McDonnell is counting on restaurants and bars for as much as $38 million a year as part of a complex package of taxes and fees designed to make up the revenue now generated by Virginia's state liquor monopoly.
Read the complete story at the Richmond Times Dispatch.

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