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elcheapo
Veteran Advisor

how long untill we have to pay a production tax ?

loking over rain/wx reports this morning and getting ready to go 100 miles to do another med procedure..

 

have the tv on, and they are going on about the sugar tax..now proposed 4 cents per oz on soda...phila is wanting to raise

a bunch of money since they cant balance their budget.

 

in california, there is already one area that pays 1 cent per ounce

 

this new proposal is a bit different......the soda companies will have to pay the tax out on what they produce, rather than

taken at the counter....

 

how long will it be untill the producers of these things have to pay a tax.....most soda today is made from CORN syrup

 

then the ban on transfats...who produces them ?

 

new study out that soybean oil is really bad for health

 

so....corn tax due to the sugar in it

wheat...tax due to gulten in it

catttle...too much fat..

soybeans....bad health effects...esp hormones

 

so who are safe ???......the turnip producers ???

 

 

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3 Replies
chipster22
Veteran Contributor

Re: how long untill we have to pay a production tax ?

elcheapo wrote:

 

 

so who are safe ???......the turnip producers ???

 

 

No.  Lots of liability there from all the people falling off the turnip trucks.

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Hobbyfarmer
Honored Advisor

Re: how long untill we have to pay a production tax ?

We already do in iowa, two of them.

Property tax is based on supposedly peak production

Then there is income and related taxes.

Yep already there.
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OKdon
Senior Contributor

Re: how long untill we have to pay a production tax ?

checkoff taxes

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