WPEC: Retailers Ready for Back-to-School Tax ‘Holiday’

But not everyone is sold on the value of sales-tax holidays.

The Washington, D.C.-based Institute on Taxation and Economic Policy, a non-profit liberal think tank, calls such holidays an “outdated gimmick.”

Dylan Grundman, a senior policy analyst for the institute, argued in a news release that the brief holiday periods don’t reduce taxes for low- and moderate-income families the rest of the year. Grundman pointed to a lack of personal income taxes in Florida, Texas and Tennessee, along with a reliance on sales taxes, as resulting in regressive tax systems. Read more

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