Now you might think that’s a crazy headline, but as Frank Bruni points out in the New York Times, “Congress last revised excise taxes on distilled spirits in 1991, [and] the real value of those taxes has declined more than 35 percent”! (Disinfonauts outside the US, let us know how alcohol is taxed in your country)
… Read the rest
… excise taxes on alcohol have gone down over the last few decades, when adjusted for inflation and measured in terms of the percentage they represent of the wholesale and retail price of a bottle or a can. The federal government and many states long ago set those levies in terms of a certain dollar amount per gallon — and then didn’t tweak them much as the cost of living went up.
Because Congress last revised excise taxes on distilled spirits in 1991, the real value of those taxes has declined more than 35 percent, said Alexander Wagenaar, a professor at the University of Florida’s College of Medicine who specializes in alcohol research.