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200 diaper changes a month, the NDBN estimates. Eliminating a 7% sales tax on diapers could save a family around $66 a year, the group says. On average, a person who menstruates will use about 17,000 tampons or pads — roughly $1,800 worth — over a lifetime, according to the American Medical Association. Michelle, a 29-year-old mental-health worker in Los Angeles, said she used to spend $300 to $360 a year on period-care products, including pain relief. Michelle, who asked that only her first name be used for privacy reasons, recently started a new birth control that completely eliminates her period. She’d hoped doing so might help her save money, but the medication costs about $30 a month even with insurance — basically a wash. “With these hygiene products, what are you going to do? You can’t not buy them,” she said. “These companies have a captive consumer.” While California has extended its tax holiday for period products into next year, Michelle said she still feels it’s worth sticking with a pill that can eliminate her painful menstruations. But as she pointed out, Viagra isn’t subject to California’s state sales tax. In some parts of the country, a shopper can buy prescription erectile-dysfunction pills or an over-the-counter hair-loss treatment, like Rogaine, because those products are deemed medical necessities, according to the Alliance for Period Supplies, a program run by the National Diaper Bank Network. Meanwhile, a consumer at the same drugstore might pay a sales tax on Tampax or Huggies, which are considered nonessential items. “It just feels unfair, and especially in this current political climate where people are already dealing with so much,” Michelle said. “It just feels like kind of an attack on people with uteruses.” Some tax experts oppose eliminating sales taxes on individual items such as diapers and menstrual-care products. Doing so shrinks the overall share of goods that can be taxed and risks policymakers’ raising taxes on a smaller pool of purchases, said Katherine Loughead, a senior policy analyst at the Tax Foundation, a nonprofit that generally backs lower taxes. That could reduce state budgets for public services without relieving much pressure on consumers’ wallets at the end of the day. “An ideal structure would say all retail purchases should be subject to sales tax, because that means rates can stay pretty low,” she said. Leticia Miranda Leticia Miranda is a business reporter for NBC News.
Aug. 12, 2022, 12:49 AM +07 By Rob Wile Social Security recipients struggling with higher inflation are likely to get a major boost in their monthly benefits starting next year. Thanks to the high inflation reading for July, beneficiaries could receive as much as $159 extra per month in 2023, according to a new estimate from the Senior Citizens League, a nonprofit advocacy group. The Social Security Administration’s annual cost of living adjustment (COLA) formula is based on inflation readings for July, August, and September. Even if inflation peaked in July, the readings for the next two months are still likely to be significantly higher than in years past, given that consumer prices have remained at 40-year highs for most of 2022. Mary Johnson, policy analyst and editor at the Senior Citizens League, said she is currently projecting an annual adjustment of 9.6%, which would be the biggest boost to Social Security benefits since 1981. “That’s really phenomenal,” she said. “Effectively, no one receiving Social Security at the moment will have received a COLA this high.” How to make the right financial decisions for every phase in life AUG. 10, 202204:55 Get the Morning Rundown Get a head start on the morning’s top stories. SIGN UP THIS SITE IS PROTECTED BY RECAPTCHA PRIVACY POLICY | TERMS OF SERVICE A 9.6% adjustment would compare with an increase of 5.9% last year, which equated to a monthly average earnings bump of $92.30. Johnson said people on fixed incomes have been among those most impacted by the 40-year-high inflation rates, which means benefit payments have not kept pace with rising prices this year. As an example, the Senior Citizens League estimates that, based on the inflation rate through July, a $1,656
monthly Social Security benefit is about $58 less than it should be per month, on average. Recommended CONSUMER Coca-Cola’s newest flavor ‘Dreamworld’ supposedly tastes like dreams CONSUMER U.S. Postal Service asks for temporary postage hike for holiday season And for most beneficiaries, the coming increase will still fall short of what recipients need to catch up with price increases on food and other consumer goods, Johnson said. Already, 37% of participants surveyed by the Senior Citizens League said they received low-income assistance in 2021. That is more than double the 16% who were receiving needs-based assistance before the pandemic. “Social Security was never designed to be a sole source of income for people,” Johnson said. The Social Security Administration is expected to announce the 2023 cost of living adjustment in October after the consumer price index data for September is released. Rob Wile Rob Wile is a breaking business news reporter for NBC News Digital.
Product detail:
Suitable for Women/Men/Girl/Boy, Fashion 3D digital print drawstring hoodies, long sleeve with big pocket front. It’s a good gift for birthday/Christmas and so on, The real color of the item may be slightly different from the pictures shown on website caused by many factors such as brightness of your monitor and light brightness, The print on the item might be slightly different from pictures for different batch productions, There may be 1-2 cm deviation in different sizes, locations, and stretch of fabrics. Size chart is for reference only, there may be a little difference with what you get.
- Material Type: 35% Cotton – 65% Polyester
- Soft material feels great on your skin and very light
- Features pronounced sleeve cuffs, prominent waistband hem and kangaroo pocket fringes
- Taped neck and shoulders for comfort and style
- Print: Dye-sublimation printing, colors won’t fade or peel
- Wash Care: Recommendation Wash it by hand in below 30-degree water, hang to dry in shade, prohibit bleaching, Low Iron if Necessary
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