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 Tax Planning TurboTax Enables Refund Advance to Taxpayers Investments Tax Benefits of Real Estate Investing Self-Employed Business Tax Checklist: What You’ll Need When Filing Uncategorized What Is Deferred Compensation & How Is It Taxed? Investments How Does an Inherited IRA Work? Work Choosing Your Business Structure: 5 Types of Businesses… Tax Deductions and Credits Are HOA Fees Tax Deductible? What You Need to Know 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