Sales Tax Blog
2017 Sales Tax Holidays by State
Click here for this year’s list! Love them or hate them, sales tax holidays are here to stay, at least for another year. Sales tax holidays are important, both for consumers wishing to save money, and retailers who are encouraged and may be required to participate. Each year, the list of sales tax holidays changes, as some states add tax-free dates, and others cancel them. It’s an ongoing process of legislation among states, so we’ll do our best to keep this page updated throughout 2017. We’ve linked to resources where possible, but sometimes these haven’t yet been updated for the… Read More
The Fair Tax Act of 2017 Proposal
The Fair Tax Act of 2017 is a proposal that was introduced in the Senate on January 3, 2017, although similar legislation has been regularly put forward since at least 1997. Its main feature is the introduction of a national sales tax to replace all current personal income, corporate income, self-employment, employment, gift, and estate taxes. Some goals of this proposal are to broaden the tax base, reduce the administrative costs of filing and processing tax returns, and stimulate the economy. Details of the Fair Tax Act Under the current proposed Fair Tax Act, the federal government would cease to… Read More
The Great Soda Tax Debate – The Pros and Cons of Taxing Soft Drinks
Sugar – we all love it. It tastes delicious, makes up the treats that we have on birthdays and holidays, and kicks in our endorphins. Unfortunately, it also causes health problems. Diabetes. Heart disease. Obesity. All scary things to deal with. That’s why, last October, the World Health Organization (WHO) called for countries to specifically tax sugary drinks. Their hope is that higher cost will load to lower consumption, which will in turn reduce obesity and its related diseases. WHO believes that a 20% increase in the cost of sodas and related sugar-laden drinks, would lead to a 20% reduction… Read More