should it stay or should it go?

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+ Should it stay or should it go? By: Kayla Palm

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Should it stay or should it go?. By: Kayla Palm. Should a tax be put on to clothing in Minnesota?. Minnesota is one of only a few states that does not have tax on clothing. With that said, state tax, and tax on other goods, is higher in Minnesota than most other states. . - PowerPoint PPT Presentation

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Page 1: Should it stay or should it go?

+

Should it stay or should it go?By: Kayla Palm

Page 2: Should it stay or should it go?

+Should a tax be put on to clothing in Minnesota? Minnesota is one of only a few states that does not

have tax on clothing. With that said, state tax, and tax on other goods, is

higher in Minnesota than most other states.

http://www.minnpost.com/politics-policy/2012/12/expanding-sales-tax-clothing-and-services-tempts-dayton

Page 3: Should it stay or should it go?

+The proposal Dayton made a proposal to tax clothing, but only on

clothing items priced at $100 and above. Clothing includes: ; shoes, shirts, pants, shorts, socks,

undergarments, hats, dresses, pajamas, diapers, jackets, and belts.

http://www.southernminn.com/st_peter_herald/news/article_5cbccc17-d165-5a02-ad8c-13150d9407c8.html?mode=image&photo=0

Page 4: Should it stay or should it go?

+Pro’s vs. Con’s

Pros• Government could come out

of debt

• State taxes lower

• The tax would only be on items over $100, which would not affect every person.

Cons• Smaller businesses may go

out of business.

• Lose customers and tourists

• Revenue loss

Page 5: Should it stay or should it go?

+Example Glitz

• Prom dress store in the Mall of America

• Almost every dress is priced over $100

• Tourist Attraction

• Buyers come from states with taxes imposed

• People shop here for not only the experience, but also for clothing without tax.

http://blog.mallofamerica.com/tags/glitz/ http://www3.hilton.com/en/hotels/minnesota/hilton-minneapolis-st-paul-airport-mall-of-america-MSPAHHF/offers/100029276.htm

Page 6: Should it stay or should it go?

+Mediation I think that we should impose the tax so that the

government can make more money and try to pull itself out of its current deficit.

As long as the money is being used to help the state of Minnesota and help lower taxes in other places it is a good thing.

http://www.tcdailyplanet.net/sites/tcdailyplanet.net/files/imagecache/full/13/22/mct_state_capitol_smaller.jpg

Page 7: Should it stay or should it go?

+Works cited

Lee, Jessica. “Retailers react to sales- tax plan.” Minnesota Daily. Minnesota Daily, Web., 13 January. 2013. Web. 29 March. 2013.

Tax-Rates.org – The 2013 Tax Resource. Web. N.D. Retrieved 29 March. 2013. Kimball, Joe. “Rochester retailers also fear extending Minnesota sales tax to clothing.” MinnPost.

MinnPost. 17 January. 2013 Web., 29 March. 2013 Tundel, Nikki. Gov. Mark Dayton at the State Capitol in St. Paul, Minn. 8 Dec. 2010. State Capitol,

St. Paul, Minnesota. MPR News. Photograph. Web. 7 April 2013. Lee & Belz. “Clothing sales tax has uncertain price.” Star Tribune: State +Local” N.p. Newspaper

Article. 17 Feb. 2013. Web. 7 April 2013. “Dayton: Add Minn. Sales Tax To Some Clothes, Services.” CBS Minnesota. WCCO. N.p. Newspaper

Article. 22 January 2013. Web. 7 April 2013. Lee, Jessica. “Retailers react to sales-tax plan.” Minnesota Daily. N.p. Newspaper Article. 28 January

2013. Web. 7 April 2013. “Dayton Tax Proposal Continues to Stun” NFIB: The Voice of Small Business. (National Federation of

Independent Business.) N.p. Mag. Article. N.d. Web. 7 April 2013. Dornfeld, Steven. “Tax experts, economists say Dayton’s business sales tax is a bad idea.”

MinnPost. N.p. Newspaper Article. 18 February 2013. Web. 7 April 2013.