According to the Tax Foundation,
“This week, the Sunshine State is celebrating its Sales Tax-Free Week.
Unfortunately, sales tax holidays like this one don’t reduce your tax burden in the long run.
According to new research, they simply shift the timing of when people shop without increasing consumer purchases or growing the economy.
Sales tax holidays mislead consumers about savings and distract both policymakers and taxpayers from genuine tax reform.
Think of it this way: if a state must offer a “holiday” from its tax system, it is an implicit recognition that the state’s tax system is uncompetitive.
If policymakers want to save money for consumers, they should cut the sales tax rate year-round.”