• 2 Posts
  • 237 Comments
Joined 2 years ago
cake
Cake day: June 13th, 2023

help-circle

  • Most people don’t even care and did not know this even started, its just another failed attempt of the current government to gain support.

    This one is extra silly, but the silver lining is that it has got people of drastically different political viewpoints something to agree on. You could have a talk show with the most rabid pundits from opposite sides discuss this and the only arguments would be what the worst part of this plan is.

    There is also another component to this as well, everyone is supposed to get $250 in the mail (or direct deposit). And that’s also just bad tax policy that has been made fun of in the past. On top of that they have not managed to actually pass legislation or even figured out how to do this at this point. Oh and the post office is still on strike.



  • I am just really glad none of the crap I sell is included. The list and logistics to comply with this “holiday” is insane.

    Lets say you run a liquor store:

    • Beer, cider, sake and wine are now not taxed
    • But wine, cider and sake over 22.9% is still taxed
    • Spirit coolers and premixed alcoholic beverages are now not taxed
    • Spirit coolers and premixed alcoholic beverages over 7% are still taxed
    • Gift boxes/baskets are taxed
    • Unless those boxes/baskets have more then 90% the value in beverages that meet the tax holiday requirements

    This is not even opening the other categories (Oh don’t even think about child car seat/strollers). The cost of this program on stores and taxpayers (the cost of it is payed by the lack of tax and also the tax collected being diverted to this program) is not worth the 5% off some people will see (since most places will just up the price 5%).

    Edit: and as the radio just pointed out this is a tax break on mostly luxury goods so it only really helps the people who don’t need the help. (the example given was a dinner party would be 5% cheaper but a single parent’s heat is not).