Re:Sticker shock over Seattle's new sugary drink tax
by makesthingspos on Tuesday January 09, 2018 @07:14AM
(#16105563)
In common scenarios this can be a 134-236% tax. Cigarette tax is roughly 50%, Marijuana is roughly 50%, Liquor is roughly 30%.
Common scenarios:
Store brand 2-liter: $0.88, 67 ounces, $0.0175 per ounce, $1.17 in tax, 134% tax.
During all of December, 2-liter Cokes at Walmart in my town in Washington (not sure about Seattle) were $0.95 with $1 off coupon when buying two, this yields the 236% tax rate.
If milk is listed as the first ingredient, it's not taxed. So 1200 calorie milkshakes are a substitute.
Common scenarios:
Store brand 2-liter: $0.88, 67 ounces, $0.0175 per ounce, $1.17 in tax, 134% tax.
During all of December, 2-liter Cokes at Walmart in my town in Washington (not sure about Seattle) were $0.95 with $1 off coupon when buying two, this yields the 236% tax rate.
If milk is listed as the first ingredient, it's not taxed. So 1200 calorie milkshakes are a substitute.