What is the soda tax

What is the purpose of the soda tax?

A sugary drink tax , soda tax , or sweetened beverage tax (SBT) is a tax or surcharge (food-related fiscal policy) designed to reduce consumption of drinks with added sugar . Drinks covered under a soda tax often include carbonated soft drinks, sports drinks and energy drinks.

What cities have a soda tax?

No state currently has an excise tax on sugar-sweetened beverages. Instead, soda taxes are levied locally in Boulder, Colorado; the District of Columbia; Philadelphia , Pennsylvania; Seattle, Washington; and four California cities: Albany, Berkeley , Oakland, and San Francisco .

Why is the soda tax bad?

Soda taxes are also regressive. Poor people spend a higher percentage of their funds on food and beverages than middle-class and wealthy citizens. In 2017, the average American drank 39.25 gallons of soft drinks . A two-cents-per-ounce tax on 39.25 gallons would cost the average American just over $100 per year.

What type of tax is the soda tax?

While no state currently taxes sweetened beverages, several localities levy what’s commonly referred to as a soda tax . Six local governments levy a per volume excise tax on drinks sweetened with sugar and one government levies a per volume tax on all sweetened drinks.

How much money is spent on soda a year?

1 Average Soda Spending Habits According to Time magazine, the average household spends about $850 per year on soda alone.

Why a sugar tax is bad?

One of the most common arguments used to oppose taxes on sugar -sweetened beverages is that such taxes are regressive, and it is unfair to make poorer people pay a larger share of their limited incomes to consume these products, when compared to wealthier people.

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What soda has the most sugar?

One can of Pepsi contains 150 calories and 41 grams of sugar. Pepsi actually contains more sugar than Coke, which clocks in at 39 grams of sugar.

Does sugar tax reduce obesity?

Soft drinks manufacturers and traders have paid an extra £153.8 million in tax since April, statistics published by HM Revenue and Customs (HMRC) reveal.

How much is soda tax in Chicago?

The Chicago Home Rule Municipal Soft Drink Occupation Tax is imposed on persons who sell canned or bottled soft drinks at retail in Chicago . The rate is 3 percent of gross receipts from soft drinks sold at retail.

Is soda tax a good idea?

The study, which is the first to document the long-term impacts of a soda tax on drinking habits in the United States, provides strong evidence that soda taxes are an effective tool for encouraging healthier drinking habits, with the potential to reduce sugar-linked diseases like diabetes, heart disease and tooth decay

Will a soda tax reduce obesity?

Taxation on sugary drinks is an effective intervention to reduce sugar consumption (8). Evidence shows that a tax on sugary drinks that rises prices by 20% can lead to a reduction in consumption of around 20%, thus preventing obesity and diabetes(9).

What are the risks harms and benefits of passing a soda tax?

Taxes on sugary beverages have been proposed—and adopted—across the United States as a way of reducing consumption of the sweet drinks, which has been linked to increased risk of weight gain, obesity, type 2 diabetes, and heart disease. In prior studies, a hypothetical national tax of $.

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Why the sugar tax is good?

Rayner’s study found that the best case scenario for the tax would be it resulting in major soft drink manufacturers reformulating their products to be less sugar -heavy. This would lead to reduced rates of obesity and better oral health in children, and reduced risk of type-2 diabetes for all age-groups.

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