Sales tax holiday kicks off in Georgia
Fri, 09 Aug 2013 23:57:58 GMT —
For two days only, Georgians can take advantage of buying some much-needed items without additional sales tax thanks to the Georgia Sales tax holiday. Among the list of tax-exempt items are clothes and school supplies, and though the savings might sound small, workers say it adds up.
"The more money you spend, the higher the taxes are so if you get $30 worth of clothes before, it would be like $35, you're saving $5. The more you buy, it does help," said Fred's Store Assistant Manager Shaka Masters.
While a study by The Tax Foundation estimates the state will lose an estimated $52.5 million in potential revenue and local governments will lose an additional $36.8 million, shoppers say the ones who benefit are the retailers.
"I see it as the stores being able to make more money because people would be more inclined to spend more money because they feel like they're saving money on the taxes, so I think it would generate more money," said Claudia Masters.
The holiday also allows consumers to save on higher priced items like electronics, which they say can help them save a good amount.
"When we come in here and get these expensive phones, there's going to be like $13, $15 worth of tax so go ahead and take use of it, being that it's not going to be added to your account," said Brittany Mathis.
For those who resisted the temptation of the shiny screens and newest technology, employees say there's still one day left to save, and they expect it be better than Friday.
"That's when we get most of our mall traffic is on Saturdays and with this going on, along with the normal general crowd, it should be pretty good for us," said Best Buy Mobile General Manager Damon Brown.