Taxable Talk

From Russ Fox, E.A., of Clayton Financial and Tax of Irvine, CA
All items below are for information only and are not meant as tax advice.
Please consult your own tax advisor to see how each item impacts your own situation.
A Bong Tax
If a Maryland State Senator has his way, buyers of bongs in Maryland will soon have to pay a special tax. C. Anthony Muse (D-Prince Geoerge's County) introduced two bills on Wednesday that would add a $20 tax for all tobacco accessories except rolling paper.

For those who don't know a bong is a water pipe used to smoke tobacco or cannabis (marijuana). Senator Muse would have preferred to outlaw the accessories completely; he believes that they are "drug paraphernalia—not tobacco paraphernalia." His measures would also require stores selling such items to check id's and record purchasers names.

Senator Muse's measures will face committee hearings in the Maryland legislature before coming up for any votes.