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“A father is someone that you look up to, no matter how tall you grow.”— Unknown
Consumers expect to spend $3.2 billion on special outings such as dinner or brunch (purchased by 47 percent of shoppers). 1
When you have to be right®
2018-0872
To stay current on all the state-by-state tax news, visit SalesTax.com
Special Outings $3.2B
Consumers plan to spend $2.2 billion on clothing such as ties (purchased by 43 percent of shoppers). 1
Clothing $2.2B
Sales Tax Exemption: The seven states that fully or partially exempt clothing from sales tax are MA, MN, NJ, NY, PA, RI, and VT. 2
Consumers plan to spend $2.1 billion on gift cards, so Dad can feel free to choose his gift (purchased by 42 percent of shoppers). 1
Gift Cards $2.1B
Sales Tax Alert: AR, IL, MA, MO, NC, NE, SC, UT, and VA have local meals taxes. 2
Sales Tax Alert: Gift cards are a great gift idea, but there are no special sales tax exemptions. 2
Consumers plan to spend $1.8 billion on consumer electronics for Dad (purchased by 20 percent of shoppers). 1
Electronics $1.8B
Sales Tax Alert: Electronics are a great gift idea, but there are no special sales tax exemptions. 2
Consumers expect to spend $878 million on Dad’s home improvement wish list (purchased by 16 percent of shoppers). 1
DIY Supplies $878M
Sales Tax Alert: DIY Supplies are a great gift idea, but there are no special sales tax exemptions. 2
Saving money is something that your father would be proud to see you do, even if it means saving money on Dad’s gift.
Sales Tax solutions from Wolters Kluwer do more than just automate your processes. They provide accuracy, efficiency, flexibility, and compliance. Maybe you should consider it as a gift for your business.
Dining with DadThe most popular gift for Dad is a "special outing" such as dinner or a movie. Sales tax can vary across states and localities, with some leaving you with a satisfied feeling or in some instances … indigestion. 2
SOURCES:1. https://nrf.com/resources/consumer-research-and-data/holiday-spending/fathers-day2. Wolters Kluwer Indirect Tax Team
WA
ID
WY
ND
SD
MN
IA
KS
OK SC
NCTN
AR
MO
WIMI
PA
NY
ME
IL IN
KY
OH
WVVA
TXLA
MS ALGA
NE
CO
AZ NM
NVUT
CA
FL
MT
OR
AK
HI
DC
MD
DE
NJ
CT
RI
MA
VTNH
A few of the highest sales tax states and localities to dine with Dad:• Tuba City, AZ .......................... 12.90%• Sunset, AR ...............................12.25%• Farmerville, LA ...................... 12.00%• Collinsville, AL ....................... 11.50%• River Grove, IL ....................... 11.00%
And some of the lowest sales tax states and localities:• Breckenridge, OK....................4.85%• Nunda, SD .................................4.50%• Hilo, HI .......................................4.00%• Raymer, CO ...............................2.90%• White Mountain, AK ............... 1.00%
Sunset
Hilo
White Mountain
Collinsville
Breckenridge
Nunda
Raymer
Farmerville
River Grove
Tuba City
Near-Record Spending for 2018Father’s Day spending is expected to be a near-record $15.3 billion this year. (Last year’s spending topped the highest amount in 15 years at $15.5 billion). 1 The top gifts for 2018 are expected to be:
Shop 'til You DropWhere will consumers go to spend their dollars on Father’s Day gifts? 1
Department Stores
Discount Stores
Specialty Stores
Online
39% 34% 25% 24%
It’s Dad’s Special Day: A Day for a Break, Even on Taxes
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