Post Profile

Taxing a Tax

Cook County, Illinois, enacted a one-cent-per-ounce tax on sugary drinks. The county also imposes a sales tax, which together with the state sales tax, amounts to 9 percent. According to this report, among others, Yvan Wojtecki has started class-action litigation against McDonald’s Corp. because it included the beverage tax in computing the sales tax. An example helps understand the issue.
read more


Related Posts

Seattle Soda Tax: What Is The New Sugary Drink Tax, Could It Force Jones Soda To Canada?

News : The Inquisitr - News

A new Seattle soda tax could punish local companies like Jones Soda. The new Seattle soda tax, which local lawmakers state is a way to fight against the consumption of sugary drinks, will add 1.75 cents per ounce of each drink cover...

Cook County, Illinois Drops Proposed Ammunition Tax, Proceeding with Proposed Gun Tax

Business & Finance / Taxes : Tax Foundation's Tax Policy Blog

Cook County, Illinois executive Toni Preckwinkle recently proposed new taxes on firearms in Chicago, citing a need to curb gun violence.  Originally, the proposal consisted of a tax of five cents per bullet tax and a tax of $25 per ...

Illinois Lawmakers Consider Massive, Regressive Tax Hike On Low-Income Families (a.k.a "Soda Tax")

Business & Finance : Zero Hedge

To our complete lack of surprise, lawmakers in the State of Illinois are considering following in the footsteps of Philadelphia by imposing a 1 cent per ounce "soda tax" on all sugary beverages. And while it's being done under the g...


Copyright © 2016 Regator, LLC