ipl-logo

Law 531 Week 6 You Decide Week 3

529 Words3 Pages

Cook County proposed the penny-per-ounce tax for sweetened beverages, which would have become effective on July 1; however, a judge blocked the tax last week. The soda tax would increase the price of sweet drinks, to 30%-50% higher, and it would have raised over 60 million dollars, which would have been used for the expense of other services. Cook County needed more money, but they were not going to increase property tax. Instead of raising the property tax to pay for spending, they decided to raise the sales tax. The people of Cook County would have driven to other nearby counties to avoid spending the extra cost from the tax. This also impacts businesses in a negative way because they will not only lose customers, but also money. …show more content…

A 24-pack that normally cost $16.41 will become $19.29 after the tax is added. The soda tax is a type of sin tax, and a sin tax is used for products that are not good for individuals, such as cigarettes. Several restaurants are planning on eliminating free refill because, the County will charge the syrup used for fountain drinks to $38 for every five-gallon container. “Carbonated soft drinks still represent more than $73 billion in on- and off-premise retail sales in the U.S.” (Chicago Tribune). The tax is on drinks that are bottled and canned, as well as energy drinks, tea, and some fruit/vegetable juices. The first reason why Cook County should not keep the soda tax is because, people will still find another way to get the drinks. Since several families purchase these drinks, they will just go to another county. Some families are on the border of two counties, so they will take their money elsewhere, and purchase products at a cheaper county. Because of these reasons, Cook County put a temporary hold on this

Show More
Related

  • How Does Hamilton Justify Taxes

    140 Words  | 1 Pages

    In 1791 Hamilton convinced Congress to approve taxes on distilled spirits and carriages. Hamilton 's principal reason for the tax was that he wanted to pay down the national debt, but he justified the tax "more as a measure of social discipline than as a source of revenue." But most importantly, Hamilton "wanted the tax imposed to advance and secure the power of the new federal government." Congress designed the tax so smaller distillers would pay by the gallon, while larger distillers (who could produce in volume) could take advantage of a flat fee. The net result was to affect smaller producers more than larger ones.

    Read More

  • Texas Comptroller Case Study

    1040 Words  | 5 Pages

    Simply put, the lower the cost per dollar, the more efficient the agency is in regards to collection costs (Tuerck 7). From these two assumptions can be made: one, the Texas Comptroller’s office is extremely efficient in term of administrative costs and secondly, because of this, the State could potentially consider remitting more funds back to local governments, rather than retaining a higher collection fee. Local governments aren’t the only entities that see a high cost when handling sales taxes. Individuals and businesses also bear a cost through the time and cost that it takes to fill and pay taxes on a monthly and annual basis. While the scholars have varying costs as to the cost of filing taxes, the average cost varies between $85 billion to $100 billion a year (Tuerck 7).

    Read More

  • Proposition 13 Case Study

    952 Words  | 4 Pages

    On June 6th, 1978, nearly two-thirds of California’s voters passed Proposition 13 which reduced property tax rates on homes, businesses, and farms by about 57%. The tax rate prior to Proposition 13 was averaged about 3% of the market value, but there were no limits on increases for the tax rate. Many of the properties were reassessed 50% to 100% in just one year and their owners’ property tax bills increased as well. Under Proposition 13 tax reform, property tax value was rolled back and stabled at the 1976 assessed value level. So no property tax on any given home, business, or farm could increase more than 2% per year but only if the property was not sold to a new owner.

    Read More

  • Pros And Cons Of Proposition 47

    457 Words  | 2 Pages

    As well as redirects hundreds of millions to public schools and rehab treatment facilities. Proposition 47 will hire hundreds of more police officers but simultaneously release around 10,000 inmates back on the streets it is very contradicting. It gives more money to public schools to spend on necessities but not all schools need that extra money and the schools that do need it , is nearly impossible to spend all of it so where does the extra money go.

    Read More

  • How Did Ted Hughes Solve The Foreclosure Crisis?

    1117 Words  | 5 Pages

    In the end, the government collected much more tax revenue by making this

    Read More

  • Essay On The Cola War

    770 Words  | 4 Pages

    The cola war occurred in the 1900s, continuously encouraged by the people. In the article by the Onion “Ad Industry War Veterans Honored with Memorial,” the Cola War is discussed in a satirical way that depicts it similar to an actual war. This was done in order to address the problem with society, criticizing how it deals with issues. By illustrating the issue that way, the author hopes to make a change in society by persuading people to reevaluate what should be considered important. The piece was written using anecdotes, irony, and allusion to get the author’s point across, presenting the argument in a way that ridicules the way society acts overall.

    Read More

  • Soda Showdown Analysis

    312 Words  | 2 Pages

    Did you know that Americans spent $76 billion dollars on soda or energy drinks in 2013? Teens today consume too much sugar from sugary drinks. The youth today are more unhealthy than previous generations and need to reduce their sugar. The article,”Soda Showdown”, written by Rebecca Zissou, presents two perspectives about taxing sugary drinks. One perspective is that there should be a tax on sugary drinks.

    Read More

  • Summary Of Downriver By Will Hobbs

    479 Words  | 2 Pages

    These actions not only harmed the individuals or businesses targeted, but also had a negative

    Read More

  • Bureaucratic Debasement In Cuba In The 19th Century

    1371 Words  | 6 Pages

    There is a general net impact of a decrease in social capital. At the point when individuals lose confide in the establishments, their profitability decays, which harms financial and social

    Read More

  • Essay On The Bill Of Rights Anti Federalists

    432 Words  | 2 Pages

    In some states that may be a property tax, while in others it may be a sales tax.” This flaw could’ve been an effortless fix if they had chosen to have the power to tax, but only to the states that failed to give the national government money they were asked to grant.

    Read More

  • Indoor Tanning Beds

    1899 Words  | 8 Pages

    A study was conducted in Illinois as this federal law was implemented and it found that after the tax increase, salons found a 26% decrease in clients. This shows the benefits of increasing taxes in order to improve the health of the common

    Read More

  • Argumentative Essay: The Soda Ban

    959 Words  | 4 Pages

    The soda ban is a defective idea in itself because of the loopholes in the plan. As Karin Klien talks about the problem in her article “Sodas a Problem but…”, “Convenience stores such as 7-Eleven are overseen by State and would be exempt , but a Burger King across the street would be restricted” (Klien, 288). In addition, there isn’t a need for this soda ban because it makes no sense for a customer at a fast food restaurant (like Subway) to walk across the street and go to a 7-eleven, which is a state-ran store that has drinks that are over 16oz., and even over 64oz. People could even go to a grocery store and buy a 2-liter bottle of the sugary drink because it isn’t run by the city. Another way the soda ban contradicts itself is because of how you’d get the same amount of sugar if you were to drink a drink from a smoothie

    Read More

  • Does Prop. 13 Affect California's Tax Base?

    750 Words  | 3 Pages

    In 1978, California passed Proposition (Prop. 13) was a tax reform which "limited annual property tax to one percent of a property's assessed value" and legislated were now required to have two-thirds vote to raise taxes. (Vechten, "California Politicos", 2015 and lecture) Proposition 13 create a purchase price property tax systems such as "base value" which is "1% of the value of your property within the year of purchase" and "minimum 2% increase per year after that." (Lecture) Before the approval of Prop. 13,

    Read More

  • The Pros And Cons Of The Soda Ban

    887 Words  | 4 Pages

    ¨Several critics questioned why the city was making proposal on sugary drinks a priority when some city schoolchildren have no physical education classes.¨ (Washington TImes) In New York, Mayor Bloomberg placed a law on the sizes of soda citizens are allowed to get. However, this caused a lot of controversy on whether the ban was good or bad. Despite the amount of people supporting the ban´s choice, the ban does have some downsides on it. It is not a good idea to limit the amount of a soda a person can purchase (or propose the ban) because it's not applying to all, it's taking rights away from people, and itś not a big deal.

    Read More

  • Sugar Tax Persuasive Essay

    539 Words  | 3 Pages

    A sugar tax or soft drink tax is a tax or surcharge on soft drink specific to the reduction of overall sugar consumption. In most forms the tax is designed to discourage the drinking of soft drinks, cordials, flavoured mineral waters and sports and energy drinks, with high levels of added sugar. The first reason I strongly believe that the sugar tax should be introduced is to address the quickly growing rate of obesity in Australia.

    Read More

More about Law 531 Week 6 You Decide Week 3

Open Document