Taxes 101 How Much is the Government Making Off of Alcohol? 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 Modified Sep 7, 2017 1 min read In the second installment in our series on “Sin Taxes,” we present a graphic which illustrates how much money individuals are being taxed to consume alcohol, and subsequently how much the Federal and State governments are generating in tax revenue. There is also a breakdown of how different types of alcohols are taxed in the various states, as well as international comparisons — to put thing in perspective. Some of the figures may be surprising. What do you think? Embed the above image on your site using the code below: <a href=”http://blog.turbotax.intuit.com/wp-content/uploads/2010/07/tt-alcohol-final.png”><img src=”http://blog.turbotax.intuit.com/wp-content/uploads/2010/07/tt-alcohol-final.png” alt=”ALCOHOL-TAX” title=”ALCOHOL-TAX” width=”630″ height=”1437″ class=”alignnone size-full wp-image-8428″ /></a><br /><a href=”http://www.turbotax.com/”>Free Tax Filing, Efile Taxes, Income Tax Returns</a> – TurboTax.com Written by More from 5 responses to “How Much is the Government Making Off of Alcohol?” Genuinely when someone doesn’t be aware of afterward its up to other users that they will assist, so here it happens. Reply And they want to have a 21 year old legal drinking age just so they don’t get 90 million$ a year for road improvements?(10% penalty for states with lower drinking age) Reply Good job, nicely done. And we have a deficit? Reply Hi Tim, Thank you glad you like it. Check back for more interesting topics. Thank you, Lisa Greene-Lewis Reply It’s interesting that we drink more here in the UK. And by the way our government takes far more from us in tax than yourselves. More than is reasonable. Nathan C, UK Reply Leave a Reply Cancel reply Browse Related Articles Self-Employed Self Employed: Living and Working Abroad? Here’s What… Investments What is a Bear Market and What Does it Mean to You? Income and Investments 4 Summer Activity Ideas That Won’t Break the Bank Tax Planning Everything You Need to Know About Property Taxes Self-Employed Self-Employed? Quarterly Tax Date Deadlines for Estimat… Income and Investments Recent Grad? Here are Four Reasons to Start Saving Now … Investments Real Estate Taxes vs. Property Taxes Retirement So You’re Thinking About Retiring One Day? Self-Employed Self-Employed Tax Tips & Summer Jobs Work So You’re Crossing State Lines?
Genuinely when someone doesn’t be aware of afterward its up to other users that they will assist, so here it happens. Reply
And they want to have a 21 year old legal drinking age just so they don’t get 90 million$ a year for road improvements?(10% penalty for states with lower drinking age) Reply
Hi Tim, Thank you glad you like it. Check back for more interesting topics. Thank you, Lisa Greene-Lewis Reply
It’s interesting that we drink more here in the UK. And by the way our government takes far more from us in tax than yourselves. More than is reasonable. Nathan C, UK Reply