Oklahoma is the latest state to cut grocery taxes, but who does this really benefit?

Oklahoma is the latest state to cut grocery taxes, but who does this really benefit?

Assessment

Interactive Video

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The video discusses the elimination of Oklahoma's state grocery tax, which aims to alleviate the financial burden on families amid inflation. This move is part of a broader trend where states like Kansas and Illinois are reconsidering their grocery tax policies. While the tax removal offers relief, it primarily benefits middle and higher-income families, as those on SNAP are already exempt. The video also highlights the complexity of tax classifications, with specific examples illustrating the nuances in what is considered taxable. Overall, the changes reflect a growing trend in state tax policy adjustments.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary reason states like Oklahoma are eliminating grocery taxes?

To increase state revenue

To ease the burden of inflation on families

To align with federal tax policies

To promote local businesses

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which state was one of the first to phase out its grocery tax in 2022?

Illinois

Kansas

Utah

Oklahoma

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which income group benefits the most from grocery tax exemptions?

All income groups equally

Middle-income earners

High-income earners

Low-income earners

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key factor that affects whether an item is taxed as a grocery?

The time of purchase

The brand of the item

Whether the item is prepared or not

The store where it is purchased

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to Michigan's guidelines, when are roasted nuts taxable?

When sold in a sealed package

When sold in bulk

When sold warm

When sold at room temperature