If you participated in “National Wine Day” on Wednesday, you should know that you had a silent partner who was partying right along with you, your friends and family.
Because for every two drinks of wine Americans took on Wednesday — or any other day for that matter — government takes another drink. And for every bottle of wine that remains unopened, almost one-third of each bottle is going to greedy politicians and bureaucrats.
Americans for Tax Reform calculated that taxes make up almost one-third, a whopping 32 percent — of the price of each bottle of wine. Putting it another way, that $10.00 bottle of wine would really cost just $6.80 if government didn’t take their cut.
— ATR (@taxreformer) May 25, 2016
“Alcoholic beverages are popular targets for revenue-hungry lawmakers who impose ‘sin’ taxes and other punitive costs on products and industries,” ATR said via email obtained by the Daily Caller.
“As such, most of these goods are subject to specific and discriminatory excise taxes but the tax ‘bite’ also includes the cost of sales taxes, corporate income taxes, payroll taxes, property taxes, capital gains taxes, unemployment insurance taxes, workers’ compensation taxes, and other payments businesses must make to federal, state and local governments, the costs of which are ultimately passed onto taxpayers.”
As the Daily Caller reported, taxes on items like wine are often regressive, meaning that those who can least afford to pay the tax are harmed the most by it.