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The TurboTax Blog > Tax News > Taxes On America’s Favorite Beverage: Soda

Taxes On America’s Favorite Beverage: Soda

Tax News 110721.Turbotax-Soda-tax

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.

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