Wednesday, June 8, 2011
Did I Miss Something?
Now I know Chicago's sales tax is high but when I bought a flavored bottle of water yesterday and noticed a 12.75% sales tax on it, I was shocked. I know how taxes seem to run rampant in Illinois so I decided to look online to see what exactly the sales tax was for a good like flavored water. I couldn't pinpoint an exact tax rate for flavored water but I did find out that there is 5 cents added to each individual bottle of water bought. This excludes flavored water and sports drinks. This 5 cents is called the "sin tax" since now it is considered a "sin" to fill our landfills with plastic bottles. People are encouraged to drink tap water out of re-usable containers. I find that a reasonable argument. From my online searching though, the origins of the 12.5% tax on my receipt still remains a mystery.
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