Thursday, September 29, 2011

Tax that tipple

With hard times upon us and showing no sign of being allowed to end, people just sort of naturally want to drink more. And their state governments are not about to pass up the potential for extra revenue.
With cities across the country facing their fifth straight year of declining revenues and states cutting services and laying off workers, raising money from people who enjoy a cocktail is becoming an increasingly attractive option.

Since the recession started in earnest in 2008, dozens of states and cities have tinkered with laws that regulate alcohol sales as a way to build up their budgets.

Twelve states have raised taxes on alcohol or changed alcohol laws to increase revenue, including Maryland, which in July pushed the sales tax on alcohol to 9 percent, from 6 percent — the first such increase in 38 years and one that is expected to bring in $85 million a year.
Love those sin taxes.

// posted by montag @ 1:00 PM
Comments:
Were it not for sin, state and local governments would collapse overnight.
# posted by Blogger Fearguth : 5:24 PM
 

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