Here’s How Government Got Drunk With You on National Wine Day

Barack Obama Drinking Wine

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.

“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.

 

About the Author

Matthew K. Burke
Matthew K. Burke
A former Washington State U.S. Congressional candidate in 2010, Matthew attended the nation’s first modern day Tea Party in 2009 in Seattle, Washington. He also began writing and blogging that year. Matthew became a Certified Financial Planner in 1995 and was a Financial Advisor for 24 years in his previous life. Matthew was one of the three main writers leading a conservative news site to be one of the top 15 conservative news sites in the U.S. in a matter of months. He brings to PolitiStick a vast amount of knowledge about economics as well as a passion and commitment to the vision that our Founding Fathers had for our Republic.
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