Allesandro Melito, Amazon, Gordon Deal discussed on This Morning with Gordon Deal
Jennifer Kushinka in for Gordon Deal along with Rasa Kaye they are the, words some people dread back to school time to start spending on clothes and. Supplies and this year parents are expected to spend more than three hundred dollars per child as. Alexandra Melito of market watch tells us there are some places where you can get tax. Remerchandised why have as many as sixteen states eliminated state, taxes Mary sixteen states that are participating in tax holidays and it could be as short as a weekend or as long as an entire week where they're giving parents a little bit of a. Break so if you are back to school shopping just a little bit earlier than than some may consider the north and you could get It you could get as many as you want. But it has to be? Under a certain threshold and then you'll get your get tax free discount? Is this a movement that's spreading it used to be. Just a few states, that were doing this right yes so I mean I think it's become pretty. Common Allstate's participate in it but that's also because some you know every state is different so. There are some states where they just don't have sales tax on anything so this isn't. An issue and then there are some states where they, do have sales tax for most things but the items that you would typically buy for back to school at clothing are so where they they don't or they have limited taxes on they charge. Woman at taxes on them Allesandro how do retailers perceive this is this something they pushed for to help them boost their bottom line Well I. Think everybody is just? Taking a different approach to back to school, shopping so some companies are pushing back to school shopping earlier and it might not necessarily be because. Of this tax rate shopping but just the fact that parents are looking to get really good deals, because? You. Can't spend hundreds, of dollars between books or general supplies and clothes and, things like that and it, could start, as early as mid. July for a lot of parents especially because Amazon and Amazon prime Dame there, was research suggested about forty. Percent of prime day shoppers are actually buying schools plus we're speaking with Allesandro Melito, of marketwatch what are some of the typical deals in are they limited can you point to any, specifics for some deals I would say well from this tax free shopping you couldn't do. Some comparison shopping online you? Could set up like deal alerts and things like that are you could Bryson suggested using like? This kind gift, cards, that could kind of help, you you know you you pay a. Certain amount that you get a little bit more on the. Gift card and Things like that but definitely comparison shop online it's not all about store you could do you could get a lot of good. Deals if you are just taking? A little, bit more time I think news recently came out. That low income parents are more likely to apply for credit cards, to pay for school supplies is that a good idea now I. Mean it's, not a good idea could be very risky you don't necessarily want, to have a balance on any credit cards and interest rates could be as high as thirty percent or more but unfortunately if their kids do need clothes or they do need school supplies a lot of people are turning to credit cards? As one of the ways, to get there, are, some, of, the, supplies that schools. Require now involve computers and things that are more expensive or what kinds of supplies are we talking about. I would say, it's pretty it's pretty basic quick pens pencils notebooks things like that I don't know that all Schools require students to have tablets I mean obviously we live in a row now whereas are very helpful for students doing their homework on the go but it seems like it's? Coming from all angles Allesandro, Melito of marketwatch, it's thirty, minutes, after, the hour on. This Morning America's first news From.