Taxes On America’s Favorite Beverage: Soda

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]

You know your small business
—we know business taxes.

Our self-employed and business tax experts will ensure you get every tax break with 100% accuracy, guaranteed.

Start for free

100% free to start. Pay only when you file.