With Iowa's eighth annual tax-free holiday on clothing happening today and tomorrow, Mel and I decided to go out and buy some new shoes. We went to Famous Footwear, where they were having a buy-one-get-one-half-off sale. Were it not for the sale, and the fact that we both were really in need of new shoes, the idea of saving the six percent state and local sales taxes would not have been enough to get us to make our purchase. With the sale, we spent $85 on shoes, saving $5.10 in sales taxes.
In the past, I have noticed that clothing stores often have better sales in the weekends following the two tax-free days that occur the first Friday and Saturday of August. Another thing I have notices about the event is that the media often refer to it as a "tax-free weekend." It's not the weekend, Saturday and Sunday, during which the tax is not collected. Rather, it is a Friday and Saturday. Sure, that encompasses part of the weekend, but calling this a tax-free weekend is not really correct. Besides, it's just most clothing items that cost less than $100 that are tax-free, not anything else, except of course those things that are always tax free.
No comments:
Post a Comment