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Sales Tax Holidays: Big Savings or Big Cost?
Sales tax holiday season is here, with many states giving consumers a “break” on sales taxes for a designated period on targeted products such as back-to-school supplies, clothing, computers, hurr... icane preparedness supplies and products that bear the Energy Star label. And while consumers always appreciate a good discount, they should question not only how much the discount they receive actually is but also what it costs them. Here we’ve shared some facts illustrating that Sales Tax Holidays are more of a “feel good” tax reduction than a fiscally sound practice.
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