Tax News The Vices of March: Sin Taxes Meet March Madness Read the Article Open Share Drawer Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new window)Click to print (Opens in new window) Written by Published Mar 1, 2012 - [Updated Jul 23, 2019] 1 min read Whether we’re talking about the Super Bowl, Fantasy Football, or March Madness, we all may have to pay “sin tax” on everything from those “legal” gambling wagers to the kegs of beer consumed while enjoying those sports. With March Madness and St. Patricks Day (one of the biggest holidays for beer consumption) all in the same week, gambling casinos and alcohol companies can expect to generate a hefty amount of tax revenue. Check out our infographic which shows just how much revenue is generated from March Madness and “Sin Taxes”. [intuit_tt_infographic id=9734] [tt_share_code url=”http://blog.turbotax.intuit.com/wp-content/uploads/2012/03/marchmadnesssintax.png” width=”600″ height=”3754″ title=”<marchmadnesssintax>” alt=”marchmadnesssintax”] Previous Post Tax Savings: The President Signed the Payroll Tax Holiday Into… Next Post Tanning Tax: Summer Bummer? Written by More from Leave a ReplyCancel reply Browse Related Articles Crypto Understanding Crypto and Capital Gains Work 7 Things You Need to Know About the New Business Report… Work Using Form 8829 to Write-Off Business Use of Your Home Tax Tips Roth 403(b) vs. Roth IRA: Which Should You Invest In? Life Interest Rates, Inflation, and Your Taxes Investments Essential Tax Tips for Maximizing Investment Gains Uncategorized TurboTax is Partnering with Saweetie to Elevate Hoop Dr… Business Small Business Owners: Optimize Your Taxes with a Mid-Y… Small Business The Benefits of Employing Your Children and the Tax Bre… Income and Investments Are Olympics Winnings Taxed?