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"Services such as haircuts, manicures, massages and doctor visits also would be subject to the tax, along with new homes, new cars, food, medicine, gambling chips and lottery tickets. Used cars, previously occupied homes and antiques wouldn't be taxed"
Talk about instant death to the new home market. A 30% tax on a 200k home would be 60k. At a 5.5% interest rate on a 30yr loan, the payment shoots up from 1135/mo to 1476/mo.
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