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Archive for September, 2009

Sweet Surprise…

September 17th, 2009

I thought I would share something on a lighter note with you all… Here in Illinois (IL), the sales tax is a whopping 10.25%, however, necessities such as food items are exempt and are taxed at a lower 2.5%.  In prior years, candy was taxed at 2.5%. However, under the new regulation (set to increase revenue for the state) Candy is now being classified as a non-food item and thus moving up to the 10.25% bracket. How does one differentiate food from candy? Simple, anything with flour is considered food. Therefore, according to this law Twix and Kit Kat are food items and jolly ranchers are candy. Since it is only a state law, I do not think there is going to be much of a reaction from candy manufacturers, unless this becomes a trend with other states.

I do not really have an opinion either way except for the fact that the new regulation disagrees with everything my mother ever told me (Chocolate is NOT food).  If only this law had been in place when I was younger…

On a side note, my heart goes out to all the super market staffers that are going to have to re-program the scanners to reflect the new tax as well as move out the ‘food’ from the candy section.

Politics, The Economy