Tax Free Shopping Ahead
Updated: Aug 16, 2021
Every year we look forward to the opportunity to purchase many of the necessary items for returning to school TAX FREE!
State sales tax rate: 7%
Average combined state and local sales tax rate: 7.07%
Dates of sales tax holiday: July 30 to 31, 2021
Mississippi's back-to-school sales tax holiday is on July 30 and July 31 this year. The sales tax exemption applies to clothing, footwear, and school supplies with a sales price of $100 or less. However, accessories such as jewelry, handbags, wallets, watches, and the like don't qualify for the exemption. A list of tax exempt and taxable items can be found on the Mississippi Department of Revenue's website.
State sales tax rate: 6%
Average combined state and local sales tax rate: 7.47%
Dates of sales tax holiday: August 6 to 8, 2021
Shoppers in South Carolina should plan to buy their back-to-school gear from August 6 to August 8, 2021. That's when they can avoid paying sales tax on purchases of clothing, footwear, accessories, school supplies, computers, software, printers, and certain bed and bath supplies. The exemption does not, however, apply to sales of jewelry, cosmetics, eyewear, wallets, watches, furniture, or any item to be used in a trade or business. The rental of clothing or footwear is taxable, too. Additional examples of items that are both exempt and taxable items during the sales tax holiday are posted on the South Carolina Department of Revenue's website
Our most read blog post
Eye of the Storm
Updated: Feb 28, 2020
Those of you have read and followed this blog for years know that I've been writing and
speaking about for a very long, long time...
The race to the bottom of commission rates, no more customers man and more
Advice in a Stormy Financial Sea
Momentum Stocks (followup) Since that writing I've seen an uptick in speculative momentum trading.
Let's take a look at the Stock of EYES Second sight. We purchased that stock shortly after the markets opening at $3.51 per share. The stock appeared on our stock screener charts after receiving good news from the FDA. This was Friday March 5, 2021 we sold half of the position before the close $9.14the remaining half was sold on Monday March 8, 2021@ $10.46 per share. Overall the net gain from the transactions 178.4 %I am using these transactions as an example of how momentum trading works. To be clear I am in no way recommending the stock to anyone at this time, this is not a solicitation. The trade was in a clients separately managed account and can be documented for any skeptics.