Thursday, August 20, 2009

CHA CHING! Time to Make Big Purchases During Tax Holiday

Vermont's tax holiday is this Saturday. Cha CHING! Get out your wallets kids and spend your money! While the economy may be down, its hoped that not having to pay state sales tax will raise the number of shoppers and their dollars in local stores. The Rutland Herald says some business owners expect about 20 times the number of customers this weekend as on a normal weekend. Vermont's one-day sales holiday gives shoppers a break on personal property items under $2,000, which is what makes jewelry, furniture and appliances the most sought-after purchases of the day. But stores that don't sell pricey goods also typically see a boost from the tax break.