“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 .