Failure to form one's own identity leads to failure to form a shared identity with others, which could lead to instability in many areas as an adult. The identity formation stage of Erik Erikson's theory of psychosocial development is a crucial stage in life.
Since January 2017, 5 states (Alaska, Delaware, Montana, New Hampshire and Oregon) do not levy a sales tax, while Seattle Washington has the highest state sales tax rate at 10.4% (the territory of Puerto Rico has a higher 10.5% value added tax since April 2016).
North Carolina no longer offers a tax-free weekend. Sales tax holidays are designated periods when selected products are exempt from state (and sometimes local) sales taxes. The state of North Carolina repealed its tax-free weekend event when Governor Pat McCrory signed legislation in 2013 that also reduced corporate and personal income taxes. As a result, the state held no tax-free events during 2014, 2015 and 2016.