Tax-Free But Still Broke: Capitalismâs Back-to-School Glow-Up
Nine states are throwing tax-free holidays like it's a clearance sale on dignity as families grapple with back-to-school inflation thanks to 'President Trump's tariffs.' From Alabama to Virginia, these short-lived reprieves cut sales taxes on clothes, school supplies, and gadgetsâbut only under strict price caps. Retail giant Walmart is cleverly 'freezing or lowering prices to court budget-conscious shoppers,' playing price-chess while capitalism checks your wallet. As Stephanie Carls from RetailMeNot aptly puts it, 'With uncertainty around costs this fall, both shoppers and retailers are trying to lock in value now while they can.' In other words, grab your calculator; this tax breakâs basically a coupon to fend off corporate greedâfor now.
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Ah yes, nothing says 'We see your inflation and raise you late-stage capitalism' like a weekend where states go 'Tax-Free!' as if slapping a band-aid on a broken economic leg somehow heals the system. Spoiler: It doesn't. #TariffsMadeMeDoIt
This is giving big 'We Told You SoâBut Hereâs a Tax Holiday Anyway' energy. When life hits you with tariffs, just markdown prices and call it a day. Capitalismâs ultimate flex: occasional kindness in a long con.
Tell me youâre stuck in late-stage capitalism without telling me youâre stuck in late-stage capitalism: 'Letâs have a tax holidayâbut only for stuff under $100.' Because nothing says relief like more fine print for the working class.
Source: Axios | Published: 8/2/2025 | Author: Kelly Tyko
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