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Sales tax holidays
Old 07-10-2006, 11:12 AM   #1
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Sales tax holidays

I just learned something new. A few states have sales tax holidays where for a few days a year certain purchases don't incur sales tax. For example, in Florida, buy your energy efficient appliances between October 5 and 11 and don't pay sales tax.

Save a few bucks if you can time your purchases.

http://www.taxadmin.org/fta/rate/sal...day.html#chart
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Re: Sales tax holidays
Old 07-10-2006, 11:31 AM   #2
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Re: Sales tax holidays

It's hard to believe that MA would participate in a tax free day since our state nickname is Taxachusetts but the times they have really pushed up sales in the state. It's especially nice for the people that are too far away from NH to make it feasible to drive there and save the 5%.
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Re: Sales tax holidays
Old 07-10-2006, 11:56 AM   #3
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Re: Sales tax holidays

Texas has a sales tax holiday weekend in August just before school starts. It's a great time to buy clothes because of no tax AND stores have sales that rival the after-Christmas sales.

Therefore, I buy clothes and shoes only one time per year: on the sales-tax holidy.
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Re: Sales tax holidays
Old 07-10-2006, 12:22 PM   #4
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Re: Sales tax holidays

Every day is a tax holiday in NH! WOOOO!
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Re: Sales tax holidays
Old 07-10-2006, 12:54 PM   #5
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Re: Sales tax holidays

Quote:
Originally Posted by Martha
I just learned something new. A few states have sales tax holidays where for a few days a year certain purchases don't incur sales tax. For example, in Florida, buy your energy efficient appliances between October 5 and 11 and don't pay sales tax.

Save a few bucks if you can time your purchases.

http://www.taxadmin.org/fta/rate/sal...day.html#chart
Yes, same kind of relief for school supplies certain days.

The reality: I've rarely seen serious sales on no-tax days, I suppose since people are out shopping either way to take advantage of no sales tax. Wait til a week or two after, and the same products you may have saved 7% on are now on sale for 10% off. Efficient market theory .
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Re: Sales tax holidays
Old 07-10-2006, 01:53 PM   #6
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Re: Sales tax holidays

Quote:
Originally Posted by Rich_in_Tampa
The reality: I've rarely seen serious sales on no-tax days, I suppose since people are out shopping either way to take advantage of no sales tax. Wait til a week or two after, and the same products you may have saved 7% on are now on sale for 10% off. Efficient market theory .
My reality is different from yours. Stores must have sales to compete against other stores on the tax holidays. I have seen significant sales on the tax holidays for clothes. Of course, your power tools are not tax-free and not on sale.
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Re: Sales tax holidays
Old 07-10-2006, 02:17 PM   #7
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Re: Sales tax holidays

Bleh C alifornia doesnt believe in sales tax free days.
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Re: Sales tax holidays
Old 07-10-2006, 04:00 PM   #8
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Re: Sales tax holidays

Quote:
Originally Posted by Outtahere
It's hard to believe that MA would participate in a tax free day since our state nickname is Taxachusetts but the times they have really pushed up sales in the state.* It's especially nice for the people that are too far away from NH to make it feasible to drive there and save the 5%.
Nickname was Taxachusetts during the Dukakis days when no tax was a bad tax and temporary taxes were disguised permanant taxes (of which we still have portions today).

I'm a little perplexed as to why people come out in droves to save 5% when MA has a sales tax free day, but they don't buy the same item when it's on sale for 10% off.* Or they buy something they really don't need just to save 5% in sales taxes.* I guess it might be their way of stickin' it to da man.
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Re: Sales tax holidays
Old 07-11-2006, 09:20 AM   #9
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Re: Sales tax holidays

Quote:
Nickname was Taxachusetts
... still is, and in all likelihood will remain ...
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Re: Sales tax holidays
Old 07-11-2006, 11:03 AM   #10
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Re: Sales tax holidays

Quote:
Originally Posted by Martha
For example, in Florida, buy your energy efficient appliances between October 5 and 11 and don't pay sales tax.*
we also have and tax free school supply shopping week (includes kids' clothing) and tax free hurricane shopping week (purchases up to, i think, 6 or $800 so is good for a generator but not a set of shutters (though we will soon be getting a $5k match grant shutter program).
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