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Keyword: sodapoptax

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  • From Kool-Aid to Soda Pop – The Donkey’s Getting Thirsty

    02/20/2014 2:25:57 PM PST · by jfd1776 · 4 replies
    Illinois Review ^ | February 20, 2014 A.D. | John F. Di Leo
    Illinois Democrats have proposed a penny-per-ounce “sodapop tax” – a tax on sugar-sweetened drinks. Now, when you propose a number like “a penny,” it sounds small, and many people tend to dismiss it as inconsequential. But let's do the math. A 20 oz bottle of cola, lemon-lime, or root beer, sold alone at a gas station, might be $1.69 or so. Another twenty cents added on to that might seem unimportant, on its own, though it’s a brand new 12% tax on the purchase (and remember, there are still other taxes, like the state and local sales tax, in addition)....