NYC may eliminate the clothing tax!

[Artisan Fan]

Might help many of you in the NYC area.

http://www.nytimes.com/2007/01/17/ny...gewanted=print

 

[FIHTies]

Originally Posted by Artisan Fan

Might help many of you in the NYC area.

http://www.nytimes.com/2007/01/17/ny...gewanted=print

Definately a good thing, however as the article mentioned

Under the mayor's sales tax proposal, an existing exemption from the 4 percent city sales tax for clothing and footwear under $110 would be extended to purchases above that amount. The city cannot, however, expand the parallel exemption for clothing items under $110 from state sales tax and a Metropolitan Transportation Authority sales tax surcharge to purchases above that amount. So those items would still be subject to the state and M.T.A. tax, a combined 4.375 percent, rather than the current 8.375 percent city, state and M.T.A. tax.

 

[Cantabrigian]

Good point.

Seems like it will always be in your interest to have major purchased shipped out of state.

 

[Artisan Fan]

In thinking about this it really isn't a good deal for New Yorkers...very little quality clothing is available under $110.

 

[Master Shake]

Yes, but I imagine that most of the clothes most New Yorkers buy is under $110. I just learned from reading an article in the NY Times on this proposal that New Jersey has no sales tax on clothing or shoes. I may need to investigate that further ...

 

[FIHTies]

Originally Posted by Artisan Fan

In thinking about this it really isn't a good deal for New Yorkers...very little quality clothing is available under $110.

Currently all clothing under 110 is exempt from both State and City effectively bringing your sales tax in NYC on clothing to 0% on items less than 110.

The new proposal would increase that to even items ABOVE 110.00 with regard to city sales tax which means that you would gain even on Items above 110.00.

Its a better deal but its still not the best deal.

 

[Leaveitothexperts]

Originally Posted by Master Shake

Yes, but I imagine that most of the clothes most New Yorkers buy is under $110. I just learned from reading an article in the NY Times on this proposal that New Jersey has no sales tax on clothing or shoes. I may need to investigate that further ...

This is true, I've done some shopping in NJ and tried to work out the final amount after tax as I stood in line at the register, and of course got charged only the marked amount . . .

 

[MrDaniels]

They were doing this crackdown/ shakedown a few years ago walking through the mall parking lots in New Jersey and writing down the licence plate #s of New York cars and then sending letters stating essentially "We know you shopped in New Jersey, you owe tax to New York" but I don't believe this was ever really enforced.

 

[Leaveitothexperts]

Originally Posted by MrDaniels

They were doing this crackdown/ shakedown a few years ago walking through the mall parking lots in New Jersey and writing down the licence plate #s of New York cars and then sending letters stating essentially "We know you shopped in New Jersey, you owe tax to New York" but I don't believe this was ever really enforced.

Hmm. . . . I wonder why it wasn't enforced . . . .

Should be really easy to figure out how much tax is owed to NY . . .

 

[odoreater]

I live in Jersey and oftentimes when I shop in NYC I have stuff "shipped" to NJ.

 

[MrDaniels]

Originally Posted by Leaveitothexperts

Hmm. . . . I wonder why it wasn't enforced . . . .

Should be really easy to figure out how much tax is owed to NY . . .

Well, DUH!!!

You could just tell the tax people that you just went to the mall to get a Cinnabon.