CNBC: Sales-tax holidays may not be such a great deal
media mention“While sales-tax holidays sound like a great way for buyers to save money, they disproportionately benefit wealthier shoppers, according to a report from the Institute on Taxation and Economic Policy, a Washington, D.C.-based tax policy research center. “No matter which state it is, sales taxes fall heavily on low income families as a share of income,” said Meg Wiehe, state tax policy director at the institute. “They spend the vast majority of their income on consumable items.””