Taxes On America's Favorite Beverage: Soda

Taxes On America's Favorite Beverage: Soda

35 States have an additional sales tax on soda, which can be compared to the 'sin' tax added to cigarettes and booze. However, will higher soda tax rates have the same effect as other 'sin' taxes at preventing unhealthily behavior? Will adding a soda tax raise enough revenue to put a dent in the nation's deficit? This infographic looks to answer those questions.

http://blog.turbotax.intuit.com/taxes-101/taxes-on-americas-favorite-bev...

Add a Comment

Login or register to post comments