Essay
There are many construction companies out there that do a lot of the tasks we can not do. When a company is doing work on let's say your house they have to buy the materials. Well every single material they are buying is expensive and that's not even counting the tax. If we can have tax exemption on construction material we can cut back on the price homeowners have to pay to get work done.
Most construction materials can be made for very cheap prices because they make so many at one time. Well as the construction materials are getting sold from the factories to the stores the price jumps up. With how much the price gets increased the stores are making plenty of money. So if we could be tax exempt on construction materials we could put more money into the small businesses instead of the big business men.
In the United States right now there are many young and older people struggling to afford a house. People can’t buy homes because of how much they cost and the taxes don’t help with that cost. So if we can be tax exempt from the construction materials we could cut the price of a home and more people could afford a house. Which in the long run would put more money back into the economy making more jobs for people and keeping businesses alive.
If we cut off the taxes on the construction materials it would make many people happy. On the other hand it would make many big business men mad because they wouldn’t have as much tax money. Which then would lead them to possibly raise the prices of the material to then account for the taxes that they are missing out on.
Sources
Schafer, Smith. “Understanding Sales Tax for Construction Industry Businesses.” MCA, 2019, mnconstruction.org/understanding-sales-tax-for-construction-industry-businesse2s/.
Nelson, Nikki. “Understanding Sales Tax Rules for the Construction Industry.” Understanding Sales Tax Rules for the Construction Industry | Wolters Kluwer, 2024, www.wolterskluwer.com/en/expert-insights/understanding-sales-tax-rules-for-the-construction-industry.
department, MN. “General Contractors and Subcontractors (Applies to All Contractor Types).” General Contractors and Subcontractors (Applies to All Contractor Types) | Minnesota Department of Revenue, 2024, www.revenue.state.mn.us/guide/general-contractors-and-subcontractors-applies-all-contractor-types.
