Philadelphia passes a soda tax

How Coke gets consumers to pay more for less soda

Philadelphia has become the second city in the United States to approve a soda tax.

In a final vote of 13-4, the Philadelphia City Council on Thursday passed a 1.5-cents-per-ounce tax on sugar-added and artificially sweetened soft drinks. That would add 18 cents to the cost of a can of soda, $ 1.08 for a six-pack or $ 1.02 for a two-liter bottle.

IRS help, tax breaks and loopholes – CNNMoney.com

About The Author