ACT urges to eliminate USA’s double taxation on secondhand fashion

The ACT campaign, led by Rachel Kibbe, CEO and founder of ACT, is advocating for the reform of the U.S. tax system that imposes sales tax on second-hand items, including thrift clothing, accessories, and footwear. The campaign highlights that consumers are unfairly subjected to “double taxation”—paying sales tax both on the original purchase and again when the item is resold.

Supported by major fashion resale platforms like ThredUp and Vestiaire Collective, the petition calls for changes in tax policy to promote sustainability and make second-hand shopping more financially accessible. ACT argues that eliminating this double taxation would benefit both consumers and businesses committed to sustainable fashion, potentially reducing textile waste, 85% of which currently ends up in landfills.

Read More: https://finance.yahoo.com/news/act-campaign-aims-reform-double-103520604.html

Exit mobile version