August Sales Tax Holiday

This August 6 through 8 we will be blessed by the government with a sales tax holiday, on certain items, of course. School supplies, clothing, and computers are featured in the holiday and you will not be charged with a state sales tax between the days mentioned above.

The cities and counties throughout Missouri have the option not to participate in the holiday. If they choose to give you a break for those few days, then you could save up to 9% on your purchases. Visit the Department of Revenue's website here to see which cities opted out of the holiday.

Every year we have this holiday it makes me wonder. If I were considering buying any of the items on this list, I would wait until the holiday and then stock up. I believe that enough people would do that, too that would allow the Department of Revenue to actually make a profit. This is simple supply-side economics on display for all to see. The less businesses have to pay, the less they charge you. The less they charge you, the more you buy and the more the government makes. Everyone ends up better off than before.

If we had taken half of the bailout or stimulus money and INVESTED (contrary to popular belief, you do not pay for tax cuts, you invest in them) it in tax cuts, we would have allowed businesses to create double the amount of jobs our all-knowing government did.