With the biggest US shopping holidays right around the corner, people are frantically searching for the best places to shop for the upcoming holidays. But getting the best deals out of Black Friday and Cyber Monday 2016 might involve having to go on an inter-state roadtrip.
Every year, right after Thanksgiving, hordes of Americans flock to the biggest malls and retail stores to get their share of heavily discounted goods. The likes of Target, Wallmart and Best Buy have all announced their own Black Friday and Cyber Monday deals, and they're all breath-taking.
However, people who are willing to go to greater lengths may want to get out of their state to find even greater deals. Unknown to a majority of Black Friday shoppers, certain states have actually been named the "Black Friday Heavens" by offering tax exemptions and higher discount rates.
These shopping havens come highly recommended to people who are looking to shop for goods in large quantities while still maintaining a reasonable budget. Let's not forget the significance of an eight or nine percent added charge on a bill that's four figures long.
According to Investopedia, there are five US states that can be considered the best places to shop during Black Friday and Cyber Monday: Alaska, Delaware, Montana, Oregon and New Hampshire.
What do these states have in common? None of them impose state sales taxes on their consumer products, which means that you can cut a significant amount off of your total bill. Furthermore, cities in Alaska and Oregon do not impose local sales taxes on their products either, making them true shopping meccas.
Other states such as Wyoming, Wisconsin, Virginia, Maine, and Hawaii are also excellent options for true budget-seekers. These five states total a combined average state and local sales tax rate of below six percent, giving you some truly amazing deals this shopping season.
To cut the long story short, people who are looking to go on an all-out shopping binge on November 25 and 28 might want to travel a little bit out of state. However, as stated by The Sales Tax Institute, residents of states such as New York and California may want to consider the possibility of being charged a "use tax", imposed on out-of-state purchases.
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