UNEXPECTEDLY: Soda Taxes Hit Poor the Most. “Taxes imposed by Democrats have made soda more expensive than beer.”

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via freebeacon:

Taxes levied per ounce on sugary drinks by Democrats in Berkeley, Philadelphia, and Seattle are even more regressive, according to the study. The middle class would pay the most if Congress passed a nationwide soda tax, as two-thirds of its revenue would come from those earning between $20,000 and $100,000.

If an excise tax per fluid ounces were to be enacted, households earning less than $100,000 would pay 78 percent of the tax.

“Sugar-sweetened beverage taxes theoretically offer the potential for reducing externality health-care costs stemming from excessive sugar consumption, and in this way they may raise the prospect of efficiency gains by signaling to consumers these higher social costs,” according to the study. “However, these taxes also raise equity concerns to the extent these goods represent a disproportionate share of the consumption among lower-income households.”

The Tax Foundation analyzed household consumption data from Nielsen and found as income increases, soda consumption decreases. Those consuming the most soda, and therefore affected by soda taxes, fall into lower-income tax brackets.

Democrats hate poor people.

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h/t SG


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