Massachusetts lawmakers are poised to approve what has become an annual tradition in the Commonwealth — the sales tax holiday. Shoppers would enjoy the reprieve on the weekend of August 10th, if all goes according to plan. Goods priced $2,500 or under would not be subject to sales tax for those two days.
Waiving sales tax can gin up sales during a normally staid shopping season. But can Massachusetts afford to lose out on even two days of tax collection? It's estimated the tax-free spree will generate $20 million in sales. Those sales could even lead to haul videos like this.
Jim and Margery opened the lines to ask callers what they thought. Do you hold off on shopping until the sales tax holiday? Can the state afford to look the other way for two days? Should we have more holidays like this? Leave a comment below, Tweet us or comment on Facebook.
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