Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to Vox.com, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.
Governor Paterson has suggested "an additional sales tax of 5 percent on luxury goods such as jewelry and furs costing over $20,000 as one of 181 tax increase proposals in order to balance the state’s 2009-10 budget deficit. The Governor also is proposing the elimination of the sales tax exemption on clothing and footwear priced under $110, but would replace it with two, one week exemption periods on clothing and footwear priced under $500." [WWD, subscription req]