Well, in case you missed it, Chicago (actually all of Illinois) is implementing yet another tax and this one affects your drinking, sweet tooth, and, for some of you, sanitary habits. Yep, starting Tuesday, Illinois is raising taxes on booze, candy, and dandruff shampoo. However, not all taxes or items are created equal in Illinois!
The dandruff shampoo is the clearest – unless a doctor prescribes the shampoo, you’ll see a tax increase to 6.25%. On the other hand, what constitutes candy is up for grabs. Chocolate bar = candy (6.25% now). Chocolate covered peanuts = food (so no tax increase and stays at 1%). Makes sense, right? Only in Illinois!
The highest tax increase, though, affects booze and is based on the product’s alcohol content and is calculated by the gallon. Technically, the distributor is the only one facing a tax increase; however, I think we all know that the tax increase will quickly make its way to all of us. So, just how much is this tax increase? A six pack of beer goes from 10.4 cents to 13 cents, a bottle of wine increases from 13 cents to 28 cents, and a fifth of most spirits jumps from 90 cents to $1.71 – ouch all around!
For those who wonder where this money is going, the state plans to use it for public works projects like roads and schools. I’m sure they’re starting with the giant pothole right outside my house.
So, if you live in Illinois, spend today (Monday) stocking up on dandruff shampoo, candy (if you can figure out what is candy and what is food), and booze before the latest in a series of tax increases takes place. Or, have a flaky scalp, cavity-free teeth, and a happy liver and use your money savings for other vices!
Thanks for reading Bright-Yellow!