Florida's back-to-school tax holiday: Is it worth it?
Florida reinstates its back-to-school sales tax holiday on Aug. 13-15 after two years off.
Florida retailers say families love it. But some experts question whether the tax break, being offered by a growing number of states, might not be the best idea, Stateline.org reports:
"The Tax Foundation, a conservative research organization, argues that sales tax holidays don't actually encourage shoppers to buy anything. Instead, shoppers purchase things they would've bought anyway, but on a different day. Retailers still benefit from the arrangement, says Mark Robyn, an economist with the nonpartisan group. “It's sort of like advertising a sale,” Robyn says, “but they don't have anything to give up.” "
What about you? Do you take advantage of the break? Does the 6 percent to 7 percent off make a difference in your shopping?