Monday, July 27, 2009

A tax on toilet paper?

Only in America?!
The Water Protection and Reinvestment Act, includes provisions for what has been reported to be the Toilet Paper Tax.

It's not law yet - Representative Earl Blumenauer introduced the Bill that proposes this tax on July 15. According to his website the Bill:
“establishes a $10 billion annual fund for repairing America’s corroded pipes and overburdened sewer systems, which pose serious health, environmental, and security consequences.”
A fact sheet points out that part of this $10 billion will come from a “3% excise tax on items disposed of in wastewater, such as toothpaste, cosmetics, toilet paper and cooking oil.”

With thanks and due credit to Walter S. Bristow III, JD, CLU, ChFC who posted this story on his blog: Walt's Musings
Post a Comment