Right up front, let me admit this is a little far stretching for a real estate economist blog – but it is the end of a long year, so bear with me. The timing is appropriate.
Since its New Years Eve, let’s focus on Champagne. Champagne taxes, that is. The Tax Foundation, a non-profit located in Washington, D.C., released a study comparing Champagne taxes for each state, based on data from the Wine Institute.
So which states tax bubbly the most? I’ll bet you will be surprised.
The top-10 highest taxes are in the following table:
And the lowest Champagne tax? Wisconsin at 25 cents per gallon. Beer in Wisconsin is taxed just 6 cents per gallon.
Naturally there are numerous caveats. To read the entire Tax Foundation article click http://taxfoundation.org/blog/champagne-toast-last-tax-2013. To see the detailed underlying data from the Wine Institute click http://www.wineinstitute.org/files/State%20Wine%20Excise%20Tax%20Rates.pdf.
And for my friends, how much are beer taxes? Click http://www.taxadmin.org/fta/rate/beer.pdf.
Be sure and toast responsibly.
Happy New Year. Here’s to a great and prosperous 2014.