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 Income and Investments Does March Madness Boost Employee Morale and Productivi… Tax Tips How Much Does the Government Make Off of Gambling? Income and Investments Sports Gambling and How Your Winnings are Taxed TurboTax News America’s Obsession with Fantasy Football [Infogr… Income and Investments Sports Betting Taxes Guide (How to Pay Taxes on Sports … Tax News A Century of Income Taxes: The History of Tax Day [Inf… Tax Planning 4 Ways Filing Your Taxes Early Can Pay Off Big [Infogra… Tax Refunds 4 Smart Ways to Spend Your Tax Refund [Infographic] Tax Reform An Overview of 2018 Tax Reform Changes [Infographic]
