Skip to main content

Posts

Showing posts with the label sales tax

The Problem with the Sales Tax Holiday

   Many families spent last weekend doing their back-to-school shopping, not only because it was a nice weekend and school is coming up quickly, but also because it was the sales tax holiday .  This so-called holiday offered a reprieve from the state sales tax associated with purchasing most of the items we buy on a regular basis.  Many incorrectly thought that they could go buy things like TVs and other fun things, but the holiday was strictly limited to items associated with going back to school--clothes, school supplies, etc.  People jumped at the opportunity to buy things at a little bit of a discount, but few really thought through the implications of such an event.  Here are three: Taxation has been ingrained into our consciousness.  When we go to purchase items, we subconsciously add tax in our minds.  That means the government has us where they want us. Taxation of goods and services is something we now take for granted.  When I g...