Post Info TOPIC: A CLOSER LOOK AT WHAT TAXES ARE PAID ON A MEAL IN CORBIN


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A CLOSER LOOK AT WHAT TAXES ARE PAID ON A MEAL IN CORBIN


This is a good example of a couple out on the town for a good dinner and a couple of drinks.


 


Two Steak Dinners $25.00 each


One Beer                  2.75 


One Mixed Drink       4.50


                  Total     57.25


 


Now for the tax break down 3% is Restaurant Tax $ 1.72 


                                        6%     State Tax         $ 3.44


                                        6% Alcohol Regulatory$    44


                                                                  Total$ 5.60


 


Corbin collects   $ 2.16


State collects   $ 3.44


 


Dinner     57.25


Taxes       5.16


Total      $62.41           The.44 is not shown as a tax and is in the purchase price of Alcohol


Gratuity


Average


15%          8.50           what do you think is going to happen here



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Anonymous

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You'll never win this arguement.

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Anonymous

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MATBE WE WILL GET NEW UTILITY POLES TO REPLACE THE UGLY ONES ON MAIN,MAN I HOPE SO!

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Anonymous

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No arguement to it just the facts. For every 6% of state tax paid on food and drinks the city of corbin gets 3% that is half of all the revenue the state collects. Lets take Wendy's for instance they gross 1.2 million annually at just one store in Corbin the city collects $ 36,000. Add all the restaurants deli's and gas stations, fast food restaurants etc and emagine what is taken from the locals that eat out.Check your ticket at krogers if you buy a sandwich made at the deli.Just food for thought ( pardon the pun) but you do the math.



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Senior Member

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Bottom line, this a tax I can live with.

If I choose to eat out, I pay the tax. If I cook at home, I don't.

As long as they leave the tax of groceries, I can live with it.

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