Tanning Tax: Summer Bummer?

Tanning Tax: Summer Bummer?

Aaaah summer’s in the air. Time to get that sun-kissed skin. ​ Well not so fast. Did you know you will pay an additional 10% federal excise tax if you go to a tanning salon to get that extra glow (guess that’s why Snooki said she tans naturally now)? Michael Rubin gives us the 411 on the Tanning Tax. Full story

How is Your Vice Taxed?

How is Your Vice Taxed?

What do some of the most popular vices cost consumers in taxes? What are some vices that you have and would like to see visualized? For example, would you be interested in sleep, coffee, reading, running…or taxes related to hobbies? Here we take a look at three Sin Taxes that generate billions of dollars from taxes every year and the rates consumers are paying. How does your state compare? What are sales taxes? Full story

How Much is the Government Making Off of Tobacco?

How Much is the Government Making Off of Tobacco?

It’s no secret that the government taxes our spending– in fact, sales tax is one of the main ways that the government brings in money. But there are a number of other items that have their own additional taxes imposed, whether at the state or federal level. And, when it comes to cigarettes, the consumer pays both. Would it be right to call this a tax on one’s vice, or sin? While we don’t claim to be any moral authority, the figures and statistics are quite interesting. Full story