Posted on 07/07/2015 10:27:35 PM PDT by 2ndDivisionVet
MONTPELIER, VT -- All food and beverages sold through vending machines are now subject to Vermont's 9% meals and rooms tax, effective July 1. A 6% sales tax on sugary drinks is also in effect.
The new levies are part of a tax package that lawmakers passed in May to raise a $30 million in new revenue. Lawmakers expect the sales tax on soft drinks to raise about $8 million a year, and applying the meals tax to vending machines to add about $1 million a year.
Exempt from Vermont's sugary drink tax are products that contain milk, soy, rice or other milk substitutes, those that contain greater than 50% vegetable or fruit juice by volume, and those purchased with food stamps.
Are Vermonters going to put up with this sh*t?
Have Bernie Stalin stand up and explain how socialism works....
How does one use food stamps in a vending achine?
There aren’t “stamps” anymore, rather one is given a card, similar to a debit card. Many vending machines now accept cards for payment.
learn something new everyday
This is what happens when there's a glitch in the EBT ... when the electronic card system was down and 'balances couldn’t be checked'...people stampeded Walmart to "steal" what they could....but then they found it was back on line so carts at some stores piled high with groceries that were abandoned. ....
The new levies are part of a tax package that lawmakers passed in May to raise a $30 million in new revenue.
They may give different reasons why they do things but in the end... It’s all about the money.
Having been in the wholesale end of the vending business.... I will guarantee the state will lose tax revenue....
The vending operators can’t afford to raise their vending prices to handle the additnional new taxes....
They simply will not report the sales from their machines and keep the vending machine pricees the same not to lose sales....
If the state as an example 75. % compliance on reported vending sales to calculate taxes, it will drop down....
No way will the increased taxes collected will cover the non reported sales...
They probably will collect less in taxes when said and done...
You and me. I owned arcades and “sold” pay phones way back when.
We had a "house" account where anybody who walked in could purchase and pay state taxes since they did not have a tax except certificate from the state ...
When I started running the business, the account was barely used, by the time I left it was my # 1 account...
The math is real simple for a guy trying to make a living...
You pay 7 % tax up front on a $500 purchase or pay the state 7% after you vend it for $1,000 though the machines...
Pretty much a no brainer ...until you get caught...
The state being the state your chances of being audited were pretty slim...
Stock up in NH!
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