Tax News Taxes On America’s Favorite Beverage: Soda Read the Article Open Share Drawer Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new window)Click to print (Opens in new window) Written by Published Aug 16, 2011 - [Updated Sep 7, 2017] 0 min read 35 states have an additional sales tax on soda, a rate added to the general food tax rates on food and beverage products. A soda tax can be compared to a sin tax, however how high are soda tax rates and do they have the same effect sin taxes do on preventing unhealthy behavior? Will adding a soda tax potentially help raise enough revenue to put a significant dent in our nations deficit? These are some of the questions we want to answer, so let’s dive in. [intuit_tt_infographic id=8109] Previous Post Debt Ceiling Limit Increase Voted Into Law: What Does This… Next Post Gaming for Good with TurboTax and Toys for Tots Written by More from One response to “Taxes On America’s Favorite Beverage: Soda” […] Taxes On America’s Favorite Beverage: Soda […] Reply Leave a ReplyCancel reply Browse Related Articles Uncategorized What Is Deferred Compensation & How Is It Taxed? Investments How Does an Inherited IRA Work? Work Choosing Your Business Structure: 5 Types of Businesses… Tax Deductions and Credits Are HOA Fees Tax Deductible? What You Need to Know Crypto Understanding Crypto and Capital Gains Work 7 Things You Need to Know About the New Business Report… Work Using Form 8829 to Write-Off Business Use of Your Home Tax Tips Roth 403(b) vs. Roth IRA: Which Should You Invest In? Life Interest Rates, Inflation, and Your Taxes Investments Essential Tax Tips for Maximizing Investment Gains