jonny5
DP Veteran
- Joined
- Mar 4, 2012
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- Location
- Republic of Florida
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- Political Leaning
- Libertarian
City puts a tax on soda. Businesses raise price of soda. No one saw this coming.
Then again, maybe this is exactly what govt wanted?
Philly Mayor Blames ?Price Gouging? for Outrage Generated by City?s New Soda Tax - Hit & Run : Reason.com
The distributors sells five-gallon boxes of syrup that can be used in soda fountains, and each box costs a retailer about $60. Thanks to the city's new tax, though, retailers have to pay $57.60 in taxes for each of those boxes of syrup.
"We're not talking about a couple of bucks on a $60 item," Andy Pincus, who owns Carbonator Rental Services, told Newsworks. "We're talking about $57.60 on a $60 item. It's too big not to pass on."
Then again, maybe this is exactly what govt wanted?