Back-to-school bargain hunters will want to get their shopping lists ready.
Illinois’ sales-tax holiday starts Friday and continues through Aug. 15 for shoppers who are buying select items. Some Chicago-area retailers plan to open as early as 6 a.m. Friday in honor of the tax holiday.
Shoppers should remember that the sales-tax holiday means they won’t have to pay the 5 percent state sales tax on qualifying school supplies, clothing and shoes. County and city sales taxes remain in effect, and items such as computers and most sports equipment aren’t included.
Just what a state with a $13B deficit should be doing – sales tax holidays.
If you are smart you buy off the internet and pay NO sales tax and get free shipping all year.
I’m not sure why stores would be opening early just so people can save a few nickles…
open early so the workers can get some overtime – so they can spend more when they go shopping
We don’t need sales tax holidays , we need all kind of government taxes to be converted to income tax.No property taxes should be payed if you don’t have any income. Only people that work and have income must pay taxes.Since they can afford it .Also medical inssurance cost must be a percent of your income and should be capped(People that make $30000 per year paying 20% of there income for health and rich paying only 0.1 % of there income is bad and not working).
Spirit,
Are you serious? Don’t pay property taxes if you don’t have income? What kind of socialist deadbeat are you? If you own property, you pay taxes! If you can’t afford taxes, you shouldn’t own any property. As for the rich paying 1/10 of 1% on their income – really? You really think that is what happens? Come on, join the rest of us in the real world and leave Fantasyland behind…
No offense, but this tax holiday is a small token to the poor. You won’t see the rich flocking out to Wal-Mart on friday to save $5-$15 on school supplies and back to school clothes. Nice idea, but not for a state with such a large deficit.
Its funny, I was going to shop for my kids anyway, now I can get a tax break while I am doing so. I bet most people who will take advantage of this were going to buy anyway as well. The people that can’t afford to buy and thus might need such a break generally get free hand outs of school supplies by county programs like the one they just had in DuPage where you show you are low income and get a bunch of free school at the low income free school stuff fair.
woodfield opening up at 6am?? really??? who ever goes there at that time is utterly crazy!!!!!!
it always amazes me when there is no money and less money coming in that the government offers tax cuts. why can’t the retailers, who are hoarding large amounts of cash and not hiring, offer consumers a break instead?
It would have made more sense to do this after school starts; when we have the lists from the teachers. Yes, there are basics but certain teachers always INSIST on certain items so waiting until school starts would have been more helpful for families.
Who said the retailers were “hoarding large amount of cash”? What a dumb commment back by zero factual support.
dustin
I am not a sosialist at all.So on $5000000 income and $5000 out of pocket medical cost how much is that?Is it the same as the guy that work very hard for his $30000?How can a guy that makes 30000 per year pay that $5000?
That rich guy doesn’t pay ss tax on anything over 100000 per year.So his ss tax is only 0.15% of his income .His property taxes are only 0.25% if he pays 25000 taxes per year.His medical inssurance is only 0.1 %.So that is just 0.5 % + 35 % income tax + 3 % state tax =38.5 % total tax .
Now the poor guy has ss tax of 7.4 % + property tax (on $2000 per year)6.67% + 16.7 % medical tax +10% income tax + 3 % state tax =43.8% total tax
So the millionaire pays 38.5 % taxes vs 43.8 % for the poor guy…
.
Now are you telling me that this is Ok ?
Dear Spirit,
Actually, Business Owners, (the vast majority of the much maligned “rich”) pay statistically significantly higher percentages for health insurance because in most cases they are assuming the administrative costs for their employees.
And, 10% of a bigger number…well, you do the math.
I could go on but I’ve got to get some sleep so I can get up at 5am and save!
Amanda,
our school publishes the school supply list on the school web site. Are you sure yours doesn’t?
I may not go shopping for school supplies if its crazy busy, but I will buy boots that rarely go on sale. 5% off on clothes is not enough unless the store has a sale on top of it. Some stores have 25-50% off before school, so 5% alone isn’t good enough by itself. Will wait and see.
Spirit,
Where is the spirit? The millionaire with those numbers will dish out $1,926,000 vs. $13,140 in taxes from the 30k dude… but I guess he isn’t doing his part for those who WON’T do theirs!
Because he makes more would it also be true that he should dish out $300 per gallon of gas vs. $3… because that is good old tax cash too?
Get real and get to work.
Spirit,
Ps… The person who paid almost 2 million in taxes in 12 months will pay more in taxes that year alone than the other guy will make in his entire life BEFORE TAXES.30k a year for 50 years of work… 1.5 million. But again I guess the millionaire just isn’t being fair… I am sure the millionaire didn’t do a thing to deserve or earn his money.
I have to go. I need to make sure that I rush to the store to stand in line to save about $13 in sales tax… oh yeah me!
all of you are being petty its a few days with out a state sale tax. the “back to school” items are on sale any way. this will be “chump change” compared to the states deficit “like a rain drop in a river”. take the oppurtunity to save your self a few bucks and enjoy it.
to fix the deficit we are going to have to get rid of the crooks in office. i am not picking sides because they are all worthless in my eyes.they only care about lining thier own pockets and having free health care for life for themselves!
James
The guy that makes 5 mil per year can afford to pay 75 % taxes and still come home with 1.25 million after taxes.That is 31 times more than average american makes(40000 per year) before taxes.My point is he can afford it.If he can’t make a living with 1.25 mil. per year he is very stupid and shouldn’t be payed 5 mil. per year.However the guy that makes 30k per year can’t afford to pay $5000 health cost every year.There is a easy fix so anyone in USA can affford real health inssurance.That is to make a new tax for health inssurance that is 7 or 8 % of your income.It doesn’t matter what you do ,go to school or whatever ,there will always be 20% of hard working americans that don’t make enough to pay this $5000 for health inssurance.Many people simply refuse to accept that as a fact .When are you going to get that?
james
Just make a budget for 30k per year vs 5 mil per year and you will see what is the problem for the poor guy.