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07-10-2006, 10:12 AM
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#1
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Moderator Emeritus
Join Date: Feb 2004
Location: minnesota
Posts: 13,228
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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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07-10-2006, 10:31 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Sep 2005
Posts: 1,677
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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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Dogs aren't our whole lives, but they make our lives whole. - Roger Caras
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07-10-2006, 10:56 AM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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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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07-10-2006, 11:22 AM
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#4
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Thinks s/he gets paid by the post
Join Date: Jan 2006
Posts: 1,645
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Re: Sales tax holidays
Every day is a tax holiday in NH! WOOOO!
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07-10-2006, 11:54 AM
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#5
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Moderator Emeritus
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
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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
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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 .
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.
As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
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07-10-2006, 12:53 PM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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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 .
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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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07-10-2006, 01:17 PM
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#7
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Full time employment: Posting here.
Join Date: Jun 2006
Posts: 718
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Re: Sales tax holidays
Bleh C alifornia doesnt believe in sales tax free days.
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07-10-2006, 03:00 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Feb 2004
Posts: 2,670
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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%.
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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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No man is free who is not master of himself. --- Epictetus
Enjoy Yourself (It's Later Than You Think). --- Guy Lombardo
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07-11-2006, 08:20 AM
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#9
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Thinks s/he gets paid by the post
Join Date: Apr 2006
Posts: 1,490
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Re: Sales tax holidays
Quote:
Nickname was Taxachusetts
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... still is, and in all likelihood will remain ...
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07-11-2006, 10:03 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 3,895
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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.*
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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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"life should begin with age and its privileges and accumulations, and end with youth and its capacity to splendidly enjoy such advantages."~~mark twain - letter to edward kimmitt 1901
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