Secondhand Clothes Are Taxed Twice, These Fashion Brands Want to Stop It
Secondhand Clothes Are Taxed Twice, These Fashion Brands Want to Stop It
Brands like ThredUp, H&M, and Vestiaire Collective are pushing to end the resale tax, Teen Vogue exclusively reports.
Sales tax on resold items is how taxes work. People pay taxes when they buy a used car, refurbished electronics, used furniture, and everything else.
This has to be some kind of loophole for selling returns without taxes or something along those lines.
25 0 ReplyIn Europe it's not. If an article is sold by a private person to a company, no vat is added and if the company resells it, vat has to be calculated on the profits only and not the full sum.
This is especially true for second hand cars.
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Why does teen Vogue appear to have considerably higher quality articles than my local newspaper?
4 0 ReplyI don't actually like Teen Vogue very much lol, but they talk about things that sometimes go underreported so I find some value in that.
3 1 ReplyIf this is what the kids are reading these days, they're going to be a hell of a lot smarter in their 20s than my dumb ass was. Good on them.
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Or you could live in MN where there is no clothing sales tax.
2 0 Reply