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All of us benefit from collected taxes, but this weekend we can profit from no tax.
That’s in sales tax.
Ketchikan’s annual Tax-Free Day is set for Saturday at all participating merchants. It coincides with Moonlight Madness promotions.
The promotions cover the gamut, from art to books, clothing, gardening, jewelry, tools, toys, household items, personal grooming, food and beverages, as well as auto and boat parts and accessories.
Tax-Free Day and Moonlight Madness are timed with the October distribution of Alaska Permanent Fund dividend payouts to all eligible Alaskans.
This year’s distribution came to about $1,600 each. A household of five generated approximately $8,000.
Tax-Free Day is made possible by the Ketchikan Gateway Borough Assembly and Ketchikan City Council.
The idea is a quick boost to the local economy. It entices the public to buy from Ketchikan merchants and support jobs in the community.
It also gives the public a bit of a break, with some starting their shopping for the upcoming holiday season.
After paying property taxes by the end of September, this is a welcome public event. It comes on the heels of a sales-tax lucrative tourism season for both the city and borough.
The cruise ships and their shopping passengers are gone. It’s the locals’ turn with all of the stores thinking community.
And all who wish to participate will profit.