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This section examines economic underpinnings of alcohol excise taxes for revenue and corrective purposes. An increase in an alcohol tax has several effects. First, the tax is passed-through to retail prices and pass-through rates can be greater or less than 100%. Estimates for pass-through rates are available by beverage for selected countries.
If it were not part of the basic price of the product, sales tax would not apply to it. Accordingly, when the State of California raised the CRV from $0.04 on 2 L bottles and $0.02 on cans to $0.08 and $0.04, respectively, then again to $0.10 and $0.05, respectively, it was also raising California's sales tax revenue gained on the imposed fee.
Generally, any statute that imposes a tax denominated explicitly as an "excise" in the United States is an excise tax law. U.S. federal statutory excises are (or have been) imposed under Subtitle D ("miscellaneous excise taxes") and Subtitle E ("Alcohol, Tobacco, and Certain Other Excise Taxes") of the Internal Revenue Code, 26 U.S.C. § 4001 ...
Pointing to countries like Lithuania, which increased alcohol tax in 2017, the WHO said alcohol-related deaths drop from 23.4 per 100,000 people in 2016 to 18.1 per 100,000 people in 2018.
Nannies never fall out of love with failed authoritarianism and curbs on freedom of choice.
According to data from real estate brokerage Redfin, the median sales price of homes in California escalated to $856,700 in June 2024, marking a 7.6% increase from the previous year. This figure ...
The Marin Institute participated in a flurry of alcohol tax increase campaigns in the early 1990s, which resulted in small increases in beer excise taxes in California at the U.S. federal level in 1991 and 1992.
New Mexico’s leaders routinely favor the interests of those who sell alcohol. Consequentially, alcohol taxes are at their lowest rates in 30 years.