Gobbling Up Sales: The Economic Impact Of Thanksgiving And The Start Of Holiday Shopping

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Thanksgiving for most people often invokes images of family gatherings, turkey, and football. But for retailers, it invokes images of large crowds of shoppers and dollar signs. Thanksgiving, Black Friday, and Cyber Monday are cash cows for businesses, particularly the retail and food industries. Those days are also important for Florida, as the state will collect a six percent sales and use tax on most of the goods purchased by shoppers, except for most grocery items.

Florida’s Fiscal Strength Ranked 5th Best In Nation

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A recent study by George Mason University’s Mercatus Center reviewed the fiscal health of the United States, breaking down each state individually for comparison across several standardized metrics. In this month’s Economic Commentary, Florida TaxWatch analyzed the study and provided analysis focused on our state.

Statement From Dominic M. Calabro, President And CEO Of Florida Taxwatch On Governor Rick Scott's Budget Plan For Fiscal Year 2016-17

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“The Governor’s budget includes smart, targeted tax cuts to stimulate business growth while investing in critical areas like child protection and education to ensure all Floridians have the opportunity to pursue success in school and in life," said Dominic M. Calabro, President and CEO of Florida TaxWatch.
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