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Saturday, August 06, 2005

Sales tax holiday

No longer working at retail stores, I forgot all about the Sales Tax
Holiday today and yesterday. I read it in the paper just now.

Sales Tax Holiday began as a feeble attempt to boost the economy, much
like those tax rebate checks from the government when Bush first took
office. We had to pay income tax on the money we receive free from the
government so that could be why it was not foolishly spent as hoped.

During the Sales Tax Holiday, clothing and shoe items were sold sales
tax free for 2 days during August to help students go back to school
with supplies. The first holiday was a big hit, but ever since the
excitement dwindled as people realize they are not saving that much.
Sales tax in Iowa is 5%, which means spending $100 only saves you $5 in
sales tax.

I am not sure if the holiday includes the 1% school sales tax supposedly
voted in by residents to fix Des Moines's aging schools. This year the
Des Moines school board has decided to close schools to save money on
upkeep costs making residents wonder what the money from this 1% sales
tax increase was used for. Others blame the failing of consumers to
spend money that was projected at the proposal of this sales tax
increase. Anyway, I have to work so I can't go shop for clothes to save
a buck. Oh, well.
Post later. Bye!

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