I'm not sure about other states in the U.S., but Texas has a weekend just before school starts where items related to "back-to-school" are not taxed. These are things such as clothes and school supplies. Now tax is only about 8 cents per dollar and many retailers have sales during this time anyway. The tax related savings really boil down to 8 dollars per 100 that are spent. I'm on the fence about this one, what do you think?
2006-07-27 12:20:30 · 9 answers · asked by scastro114 2 in Business & Finance ➔ Personal Finance
I've priced school supplies at Walmart before and during the tax free weekend. The prices are much higher during the tax free weekend, for example spiral notebooks are $.10 before the tax free weekend and $.50 on the tax free weekend. So it says you no money and costs the state billions in lost tax revenue.
2006-07-27 13:55:53 · answer #1 · answered by cyclist 3 · 1⤊ 0⤋
If the prices are the same as (or lower than) before and after the tax-free weekend and you are buying things you really need (or at least things you would have bought anyway had there not been tax-free weekend) then it's a good deal.
2006-07-27 12:30:43 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yes it does save a bit of money, but keep in mind that the way it is stated does not hold true. It does not cover all school supplies or school accessories. Clothes yes are included but backpacks are not and the supplies themselves well some are covered. So don't go in and think that everything school related is tax free. I live in TX as well that is why I can tell you about TX.
2006-07-27 12:26:33 · answer #3 · answered by sisinlovewithyou 4 · 2⤊ 0⤋
I live in Massachusetts near the border with New Hampshire. People, including myself, go shopping in New Hampshire all the time, for everything from grocery shopping to as you said, buying alcohol. It's a very common practice and the Massachusetts economy loses a lot of money this way. I say Massachusetts only has itself to blame. High spending, high taxes.
2016-03-16 06:40:17 · answer #4 · answered by Anonymous · 0⤊ 0⤋
You would buy the stuff anyway, so yes. You're just buying everything at once. Then you spend what you saved on something else.
I wish Cali had a tax-free anything, but they don't because they don't have to.
2006-07-27 13:30:15 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Massacchusetts also does this. I find that it is cheaper to buy items on sale and pay the tax rather than pay a higher price but no tax.
2006-07-27 12:24:47 · answer #6 · answered by Daniel Z 6 · 0⤊ 0⤋
Ok now get this if you go to walmart and put the stuff on lay way to get it tax free when you get to 3 months from now. i think that is kool. so i thing it most of the state of texas is low income then this works great no only for school but christimas too. Think about that when you are shoping at walmat!!!!!!!!!!!!!!!
2006-07-28 10:17:43 · answer #7 · answered by kkjsassy 1 · 0⤊ 0⤋
I'm not sure what there is to be "on the fence" about... They're paying the sales tax so you don't have to... I'll take my 8 cents and gladly fill my change jar any day of the week...
2006-07-27 12:25:58 · answer #8 · answered by rangersfan34 3 · 0⤊ 0⤋
If you can stand the crowd Wal mart usually marks prices down for this. So I would have to say yes.
2006-07-27 12:23:33 · answer #9 · answered by LJ 3 · 0⤊ 0⤋
No. I've always heard "YOU CAN PAY ME NOW OR YOU CAN PAY ME LATER!" and that is just how it is!
2006-07-28 07:12:32 · answer #10 · answered by pottersclay70 6 · 1⤊ 0⤋