Sunday, February 3, 2013
Illinois Proposes 25-Cent Sneaker Tax
Chicago Tribune: State Legislator Wants 25-Cent Tax on Athletic Shoes to Help Fund Youth Job Training:
Illinoisans shopping for a new pair of tennis shoes could be coughing up an extra quarter at the cash register starting this summer if a south suburban lawmaker has his way.
The newly introduced bill, sponsored by Rep. Will Davis (D-Hazel Crest), would impose a 25-cent tax on the purchase of athletic shoes — described in the bill as any “shoe designed primarily for sports or other forms of physical activity.”
described in the bill as any “shoe designed primarily for sports or other forms of physical activity.” -- Like walking?
Posted by: Woody | Feb 3, 2013 8:09:11 AM
This proposed sneaker tax is incredibly regressive. It should be means-tested. No one at less than 300% of the poverty level should have to pay this tax. In between, the tax should phase in at one cent per $10,000 of annual income. What's more, economically disadvantaged sneaker consumers should be allowed a refundable tax credit for the Chinese taxes paid by sneaker makers. And anyone above $500,000 of income should have to pay a sneaker surtax of 50 cents, and millionaires a dollar! Lastly, parodies of silly tax policy should be taxed to extinction.
Posted by: Jake | Feb 3, 2013 11:34:15 AM