A hot topic as of late, a penny-per-ounce excise tax on sugary beverages such as soda is being tossed around in legislative sessions. This would be a tax on the front end, when the beverage is produced, unlike a sales tax when the consumer pays at the counter. In any case, the price on these types of beverages would increase, however, supporters of the tax are making the argument that it will help to reduce consumption and save billions in medical costs each year that drinking these beverages may cause. The statistics are still up for debate, but what is for certain is that 40 states currently have a tax on soda’s, California being the highest at 7.3%.
- Support & Learning
- Shop All Products
Visit Our Store to Shop All Products
Browse popular products from the tax and accounting brands you rely on.
- Shop Quickfinder Bundles
Shop Quickfinder Bundles
The more you buy, the more you save with our quantity discount pricing.
- Shop By Practice Area Shop By Practice Area
- Your Accounts
- My Cart (0)
- Product Logins