By LIFELines Staff
Tax holidays have become routine during peak buying periods like back-to-school, but maybe not this year.
According to the National Retailers Federation, spending on back-to-school supplies, clothing and electronics related has reached $50 billion annually despite up-and-down turns in the economy. As a result, children returning to school are a critical period for retailers and a time for families and teachers to watch their spending. The average savings on sales tax, because of tax holidays, is 5-percent. However, because of economic conditions, State and local governments are questioning the tradition.
The good news; you can still count on the Navy and Marine Corps Exchanges for school related purchases. This year’s savings are expected to run at 23% below the market, and, there is NO sales tax.
The good news; you can still count on the Navy and Marine Corps Exchanges for school related purchases. This year’s savings are expected to run at 23% below the market, and, there is NO sales tax. Best numbers by the Retail Merchants Association and the National Retail Federation, show families with school-age children will spend over $500 on school supplies and clothes this year. College bound spend more, over $600, not including the standard price of books and fees.
Obviously, shopping for back-to-school is better at the Exchange.
No comments:
Post a Comment