“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 Dad The 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-day 2. Wolters Kluwer Indirect Tax Team WA ID WY ND SD MN IA KS OK SC NC TN AR MO WI MI PA NY ME IL IN KY OH WV VA TX LA MS AL GA NE CO AZ NM NV UT CA FL MT OR AK HI DC MD DE NJ CT RI MA VT NH 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 2018 Father’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 Drop Where 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

It’s Dad’s Special Day: A Day for a Break, Even on Taxes · 2018. 6. 14. · Father’s Day spending is expected to be a near-record $15.3 billion this year. (Last year’s spending

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Page 1: It’s Dad’s Special Day: A Day for a Break, Even on Taxes · 2018. 6. 14. · Father’s Day spending is expected to be a near-record $15.3 billion this year. (Last year’s spending

“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

OK SC

NCTN

WIMI

IL IN

WVVA

TXLA

MS ALGA

AZ NM

NVUT

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

https://taxna.wolterskluwer.com/

http://www.salestax.com/

https://nrf.com/resources/consumer-research-and-data/holiday-spending/fathers-day