Taxing Calories: Sweet Snack, Soda Duties Eyed

Hold on to your soft drinks, supermarkets here comes another sin tax. Legislators in New York, Massachusetts and elsewhere have proposed taxing sweet snacks and sodas by as much as 18%. In doing so, they hope to tackle two nagging problems: obesity and budget shortfalls. The concept of charging people for unhealthful choices certainly isn't new. More than 30 states currently have sales tax on candy

Hold on to your soft drinks, supermarkets — here comes another sin tax. Legislators in New York, Massachusetts and elsewhere have proposed taxing sweet snacks and sodas by as much as 18%. In doing so, they hope to tackle two nagging problems: obesity and budget shortfalls.

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