Advanced search

Taxes on holiday ?

(1 Post)
Earlybird Thu 04-Aug-05 13:17:28

For those of us who can't quite believe how much it costs to get our kids ready for school, here's a new idea. I'm in America at the moment, and have just read a news story on how nine states have a sales tax break planned for parents preparing their children for going back to school.

During the designated period (sometimes as short as a weekend, sometimes as long as a week) there is no sales tax (VAT) charged on children's clothing, children's shoes, modestly priced computers, (also software, speakers and accessories within a certain price range so they're clearly not for business use), school supplies (pens, notesbooks, etc), certain ranges of art supplies/backpacks/lunchboxes, maps, globes, calculators, etc.

Retailers support the idea because they think it will provide a sales boost, politicians like it because they think they're helping parents/citizens with a short term tax cut, and parents like it because it doesn't cost as much to get ready for school.

Sounds a great idea to me, and an excellent way to give parents a helping hand. Maybe this is one idea our politicians will adopt from the yanks!

Join the discussion

Registering is free, easy, and means you can join in the discussion, watch threads, get discounts, win prizes and lots more.

Register now »

Already registered? Log in with: