I'm opening a 7-11 on Illinois' border!!! - DFWstangs Forums
 
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post #1 of 12 (permalink) Old 09-03-2009, 08:14 AM Thread Starter
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I'm opening a 7-11 on Illinois' border!!!

Be making me some bucks!!
Quote:
* Illinois expands sugary food/beverage tax on Sept. 1

* Tax on sugary sports and energy drinks to rise

LOS ANGELES, Aug 31 (Reuters) - Illinois residents on Tuesday will start paying higher taxes on sugary sports and energy drinks, certain fruit drinks and some types of candy as the fifth-most populous U.S. state eyes new revenue sources.

The move comes as the nation's lawmakers scramble to fill government coffers during the deepest and longest recession since the Great Depression. And, some polls suggest that public support for taxes on fattening foods is rising.

Nearly three dozen states already charge taxes on sugary foods, but some health policy experts say they are not high enough to impact consumption.

In Illinois, which ranks No. 10 in terms of obese and overweight children, the tax increase is part of a larger effort to fund a $31 billion public works program. The overall package of tax and revenue measures is being challenged in court. [ID:nN26268849]

Starting Sept. 1, Illinois will reclassify the drinks mentioned above as "general merchandise" and will tax them at a rate of 6.25 percent. The state had previously taxed those beverages at a rate of 1 percent.

Candy that does not include flour as an ingredient also will be taxed at the higher state rate and apply to foods ranging from chocolate chips for baking to fruit roll-ups.

Taxes will vary around the state. In Chicago, for example, beverages classified as soft drinks could be taxed at a rate as high as 14.25 percent, a spokeswoman for the Illinois Department of Revenue said. Chicago's general merchandise tax is 10.25 percent, the city charges a 3 percent soft drink tax and there is an additional 1 percent tax on food and beverages in some tourist spots. (Reporting by Lisa Baertlein; Editing Bernard Orr)
http://www.reuters.com/article/rbssC...44140820090831

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post #2 of 12 (permalink) Old 09-03-2009, 08:18 AM
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Illinois is definately not afraid of taxes, that's for sure.
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post #3 of 12 (permalink) Old 09-03-2009, 08:18 AM
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So just how is that going to make YOU the store owner more profit???

You didn't pass micro-economics, did you?
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post #4 of 12 (permalink) Old 09-03-2009, 08:20 AM Thread Starter
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Originally Posted by Who Needs 8 View Post
So just how is that going to make YOU the store owner more profit???

You didn't pass micro-economics, did you?
You're not the brightest one in the bunch are you?

I said B-O-R-D-E-R. You familiar with liquor stores and dry counties?

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post #5 of 12 (permalink) Old 09-03-2009, 08:23 AM
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You're not the brightest one in the bunch are you?

I said B-O-R-D-E-R. You familiar with liquor stores and dry counties?
"O-U-T-S-I-D-E" would be more specific.

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post #6 of 12 (permalink) Old 09-03-2009, 08:25 AM Thread Starter
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Originally Posted by Who Needs 8 View Post
"O-U-T-S-I-D-E" would be more specific.
Wow...so you're getting into semantics because of your weak argument? Nice.

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post #7 of 12 (permalink) Old 09-03-2009, 08:25 AM
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Originally Posted by Who Needs 8 View Post
"O-U-T-S-I-D-E" would be more specific.

Lol. Everyone else got it...
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post #8 of 12 (permalink) Old 09-03-2009, 08:30 AM
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I'd go for a liquor store on the outskirts of Taxachussets myself. You know how those Kennedys like to drink and they just raised booze taxes there again.

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post #9 of 12 (permalink) Old 09-03-2009, 08:36 AM
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Originally Posted by Who Needs 8 View Post
"O-U-T-S-I-D-E" would be more specific.
Really, thats all you got?

Here I will try to make this simple. If you live in Illinois after Sep. 1 you will have to pay more in taxes on things such as candy-bars and soda's. Now if I open a store on the Border of lets say St. Louis MISSOURI where there is a lesser or maybe no tax on such items then I stand a good chance of make a profit from people that don't wont to pay the higher tax.
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post #10 of 12 (permalink) Old 09-03-2009, 08:37 AM
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Really, thats all you got?
Jebus,

I MISREAD THE TITLE!!!!

Happy?

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post #11 of 12 (permalink) Old 09-03-2009, 08:42 AM
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Originally Posted by Who Needs 8 View Post
Jebus,

I MISREAD THE TITLE!!!!

Happy?
You need to read you sig. Thanks. ^^^^^^^^^^^^
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post #12 of 12 (permalink) Old 09-03-2009, 08:45 AM
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You need to read you sig. Thanks. ^^^^^^^^^^^^


He is without a doubt the epitome of his sig. But then again that's been discussed on this site for quite some time...
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