Tuesday, July 21, 2009

It had to happen: Federal Toilet Paper Tax

- 3% excise tax on items disposed of in wastewater, such as toothpaste, cosmetics, toilet paper and cooking oil: These products wind up in the water stream and require clean up by sewage treatment plants.

- 0.5% excise tax on pharmaceutical products.

- 0.15% tax corporate profits over $4 million.

- 4 cent per container excise tax on water-based beverages.