TAX, TAX, WHAT MORE TO TAX? IL, Chicago Taxes on the Rise Once Again!
NEW TAX HITS CARBONATED BEVERAGES, CANDY - EFFECTIVE SEPTEMBER 1ST!
Chicago is beginning to be known for its high taxes. Already, the Cook County General Sales Tax hits City of Chicago Residents the hardest - with a 10.25% tax on general merchandise, the highest such Sales Tax in the U.S.
Heck, the City of Chicago even adds special taxes to a bottle of water, and it's Parking Meter Rates quadrupled this year!
As reported in the August 31st edition of the Chicago Tribune by William Lee, most candy - items without flour - and the majority of carbonated beverages sold in grocery stores will be taxed at the high general sales tax rate of 10.25%. Before the increase, these food items were taxed at the lower state sales tax on food - in Chicago, 2.25%!
Is this tax move a money grab, or just concern for its residents good health?
A number of municipalities and states nationwide are upping the tax levy on what they consider "junk foods." Many are concerned that childhood obesity is on the rise, and sugary pop and candy can only make the problem more severe!
But are city and state officials concerned about mass obesity? Or just looking to squeeze a few more bucks from the populous, during tough economic times?
We savvy Chicagoans think we know the answer to that one! Likely . . . so do YOU!
DEAN MOSS & DEAN'S TEAM CHICAGO
