“Diet soda doesn’t have sugar. Are bubbles bad for you?” Daniel asked. Nope. The mayor of Seattle had good intentions for taxing a wider range of beverages, but the road to bad tax policy often is paved with good intentions.
“Here’s why your golf purchases could become tax deductible.” The Golf Digest headline popped up in my review of tax news a couple of weeks ago. Tax policy can be confusing, but this blew my mind. I married into a family of golfers, and I like golf (sometimes I even love it), but how on earth could my husband or I deduct the cost of our golf purchases?
Last month, Philadelphia became the latest city to propose taxing soda and other sugar-sweetened beverages. Such taxes have become popular as more evidence links sugar consumption to poor health and greater health expenditures .