Missouri tax free holiday could be bad for states

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ST. LOUIS, MO. (KTVI) -- The Missouri sales tax holiday starts this Friday.  While a lot of consumers get excited about it, a lot of experts think it is a terrible idea with a serious economic impact.

Chris Lissner with the Acropolis Investment Management  Group talked with Christine Buck about the impact of the tax free holiday.

According to Lissner, sales tax holidays are a bad idea for state budgets and tax payers, and that its hard for low income families to time their purchases to take advantage of the sales taxes.

There is also an administrative headache for retailers and government.

Some advertisements are poorly targeted to low income people compared to other policy solutions like low income tax credits.

To hear more information about the tax free holiday impact visit:

The impact of no taxes