Tag Archives: Institute of Taxation

ILN Today Post

Sales tax holidays coming up in several states

It is no secret that sales tax holidays are controversial amongst economists. A MarketWatch article quoted the deputy director at the Institute on Taxation and Economic Policy as opining that “[s]ales tax holidays may provide some taxpayers savings on necessary purchases, but they’re a distraction from the bigger problems of our states’ upside-down tax systems.” Similarly, delivering tax relief could be more targeted and effective than sales tax holidays: “Having twice as much of your income be tax-free is more meaningful to a low-income person than taking off the sales tax one weekend a year,” said the executive vice president of the Tax Foundation.

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