💸 Real World Savings – How GRT Outshines Property Tax
👨👩👧👦 1. Real-World Family Example
A South Dakota family’s biweekly spending snapshot:
- 🛒 Sam’s Club: $98.32
- ⛽ Gas Fill-ups (2x): $45.41
- 🛍️ Walmart/Grocery: $68.52
- 🧰 Misc. Retail (hardware/pharmacy/etc): ~$40.00
- 📊 Total Biweekly Spending: ~$252.25
🧾 Taxable Spending (after exemptions):
- Sam’s Club (non-grocery): $54.08
- Gas: $45.41
- Walmart (non-grocery): $34.26
- Misc. Retail: $40.00
- 🧮 Total Taxable: $173.75
- 💸 GRT at 2.5%: $4.34 every 2 weeks
- 📅 Annual GRT Estimate: $4.34 × 26 = $112.84
- 🏠 Compare to Annual Property Tax: $4,100
- 🎉 Yearly Savings: Over $3,900 back in your pocket
✅ All essential services are still funded — but your home is truly yours.
🌐 2. Statewide Impact: GRT Adds Up
- 💳 Retail/Tourism Transactions: $80 billion annually
- 🧾 After Exemptions: $50 billion taxed
- 💰 GRT Revenue: $50B × 2.5% = $1.25 billion
- 🌾 Total Revenue: With agriculture and services, exceeds $1.8 billion — fully replaces property taxes
🏪 3. Small Business Spotlight: Alexandra’s Farmers Market
- 🧮 Annual Sales: ~$45,000
- 🛑 Below $100K Exemption: Pays $0 in GRT
- 💵 Customers Pay $0 GRT: Shop local with no tax
- 🔄 More Money to Reinvest: No bloated bureaucracy
- 🏫 Services Funded: Schools, roads, and services fully funded
✅ Liberty grows, business thrives, and homeowners keep what they earn.
🧾 4. Grocery & Medical Exemptions
- 🥖 Groceries Exempt: Bread, milk, eggs, fruits, vegetables — no 2.5% GRT
- 🍔 Convenience Items Taxed: Hot food, soft drinks, toiletries, cigarettes
- 💊 Medical Exemptions: Prescription drugs, prosthetics, durable equipment (prescribed) — no GRT
- ⚠️ Over-the-counter items and elective services may be taxed
💡 Estimated Savings: $3,000–$5,000/year in Rapid City
🔗 Learn more: SealSD.com/taxes
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