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In FY2023, US federal revenues from alcohol taxes were $11 billion or 0.25% of total tax revenues. [30] Distilled spirits accounted for 60% followed by beer at 30% and wine at 10% of revenues. An estimate for state governments in 2021 was $8 billion or 0.20% of general revenues. [ 31 ]
The Alcohol and Tobacco Tax and Trade Bureau, statutorily named the Tax and Trade Bureau and frequently shortened to TTB, is a bureau of the United States Department of the Treasury, which regulates and collects taxes on trade and imports of alcohol, tobacco, and firearms within the United States. [1]
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 ...
The states already overregulate alcohol. There's no need for a federal layer of red tape.
State, federal district or territory law prohibits selling of alcohol between midnight and 7 a.m., unless the county chooses to change the operating hours later (FS 562.14(1)); such as for Sunday morning; Ormond Beach stays open until 7 pm on Sundays. Miami-Dade County liquor stores may operate 24 hours a day.
Alcohol Tax: There is an excise tax on beer ($37.01 per hectoliter), wine ($0.731 per liter) and spirits ($13.864 per liter of absolute ethyl alcohol) Tobacco Tax: The federal excise tax on cigarettes is $0.79162 per 5 cigarettes. There are also excise duties on tobacco sticks or cigars or even cannabis which is legalized in Canada.
Alcohol tax is an excise tax, and while a sin tax or demerit tax, is a significant source of revenue for governments. The U.S. government collected $5.8 billion in 2009. [46] In history, the Whiskey Rebellion was caused by the introduction of an alcohol tax to fund the newly formed U.S. federal government.
The Alcohol and Tobacco Tax Trade Bureau (TTB), a division of the Department of the Treasury, enforces federal excise tax laws related to alcohol, tobacco, and firearms. TTB has six divisions, each with discrete functions: