Into one pocket and out of the other

| 1 Comment
People liked what they heard when Obama promised to reduce the Federal Income taxes for over 50% of American tax payers. Sounds good but where will the money be coming from? How about the stuff you buy? An interesting look at common commodities and how much of their purchase price is taxes of one form or another. From the Center for Fiscal Accountability:
Tax Bites
Americans for Tax Reform Foundation has estimated average prices and taxes imposed on 13 popular targets for multiple layers of hidden taxes.

�Sin� taxes, telecommunications taxes, and taxes on tourists are included in the analysis. While most of these goods and services are subject to specific excise taxes and other charges, the tax �bite� also includes the cost of sales taxes, corporate income taxes, payroll taxes, property taxes, capital gains taxes, unemployment insurance taxes, workmen�s compensation taxes, and other payments businesses must make to federal, state and local governments.
They have a nice graphic available for download as a PDF) The top five?
  • Cigarettes - 86.71% of the purchase price is a tax
  • Distilled Spirits - 79.60% of the purchase price is a tax
  • Car Rentals - 60.60% of the purchase price is a tax
  • Beer - 56.20% of the purchase price is a tax
  • Domestic Airfare - 55.00% of the purchase price is a tax
I knew alcohol and tobacco were taxed but I didn't have a clue that it was that large a percentage. Domestic Airfare? Yeah, the airports don't exactly pay for themselves (in spite of the food prices) but still...

1 Comment

I don't know if it is still the case... I used to follow airplane politics more than I do now. In the "old days" (as in about 20 years ago) all the aviation taxes went into this enormous slush fund called the Aviation Trust Fund. Back then it was this huge huge asset on the Federal books. There were airports and infrastructure that desperately needed updating, but they were not allowed to spend it... because they were using it to hide other deficits. So it just sat there for years, getting bigger and bigger.

Leave a comment

May 2016

Sun Mon Tue Wed Thu Fri Sat
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31        

Environment and Climate
Cliff Mass Weather Blog
Climate Audit
Climate Depot
Green Trust
Jennifer Marohasy
Planet Gore
Science and Public Policy Institute
Solar Cycle 24
Space Weather
Space Weather - Canada
the Air Vent
Tom Nelson
Watts Up With That?

Science and Medicine
Derek Lowe
Junk Science
Life in the Fast Lane
Luboš Motl
New Scientist
Next Big Future
Ptak Science Books
Science Blog

Geek Stuff
Ars Technica
Boing Boing
Don Lancaster's Guru's Lair
Evil Mad Scientist Laboratories
Hack a Day
Kevin Kelly - Cool Tools
Slashdot: News for nerds
The Register
The Daily WTF

The Argyle Sweater
Chip Bok
Broadside Cartoons
Day by Day
Medium Large
Michael Ramirez
Prickly City
User Friendly
What The Duck

Awkward Family Photos
Cake Wrecks
Not Always Right
Sober in a Nightclub
You Drive What?

Business and Economics
The Austrian Economists
Carpe Diem
Coyote Blog

Photography and Art
Digital Photography Review
James Gurney
Joe McNally's Blog
The Online Photographer

A Western Heart
American Digest
The AnarchAngel
Anti-Idiotarian Rottweiler
Babalu Blog
Belmont Club
Bayou Renaissance Man
Classical Values
Cold Fury
David Limbaugh
Defense Technology
Doug Ross @ Journal
Grouchy Old Cripple
Irons in the Fire
James Lileks
Lowering the Bar
Maggie's Farm
Marginal Revolution
Michael J. Totten
Mostly Cajun
Power Line
Questions and Observations
Rachel Lucas
Roger L. Simon
Sense of Events
Sound Politics
The Strata-Sphere
The Smallest Minority
The Volokh Conspiracy
Tim Blair
Weasel Zippers

Gone but not Forgotten...
A Coyote at the Dog Show
Bad Eagle
Steven DenBeste
democrats give conservatives indigestion
Cox and Forkum
The Diplomad
Priorities & Frivolities
Gut Rumbles
Mean Mr. Mustard 2.0
Neptunus Lex
Other Side of Kim
Ramblings' Journal
Sgt. Stryker
shining full plate and a good broadsword
A Physicist's Perspective
The Daily Demarche
Wayne's Online Newsletter

About this Entry

This page contains a single entry by DaveH published on April 15, 2009 7:40 PM.

Bellingham, WA Tea party was the previous entry in this blog.

Today's Tea Party is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

Monthly Archives


OpenID accepted here Learn more about OpenID
Powered by Movable Type 5.2.9