Skip to comments.Are Taxpayers: Broken-Hearted or Just Plain Broke? Government Drives Up the Cost of Valentine's Day
Posted on 02/13/2012 9:17:37 AM PST by 92nina
Taxpayers are unlucky in love this Valentines Day. Of an identified $17 billion in Valentines Day related spending on candy, flowers, dinner, jewelry, greetings cards, clothing, and hotels, government composes 33.14 percent of those costsapproximately $5.6 billion in revenues. But how does government love thee? Let us tax the ways .
This years average Valentines Day spending is estimated to be $126.03 a person, an 8 percent increase in spending since last year. Valentines Day spending is subject to income taxes, payroll taxes, corporate income taxes, and other taxes on business activity. Government then includes additional fees, excise taxes, and international tariffs that further increase the cost of giving a special day to your loved one.
First, the government takes a good bite out of your box of chocolates. Of the $2.63 billion of chocolate purchased during Valentines Day, 30.81 percent of the price goes to the government. And make sure you save a space at your romantic dinner for a third wheel Uncle Sam is driving up the cost of your night out by 30.84 percent. Total bill: $3.2 billion.
A token to show your affection wont come cheap either: Depending on how much youre willing to splurge on a Valentines Day gift, tariffs on jewelry will make even the most committed paramours think twice. Gold necklaces and diamonds owe 35.82 percent of their price to government taxation. If you think your loved one wont notice that you didnt spring for the real thing, you certainly will when you hand over the cash: government demands an extra 6 percent for the knock-off bling. Together with taxes on flowers and greeting cards, government cashes in another $1.1 billion.
If parting is such a sweet sorrow, government makes traveling with your loved anything but saccharine. Whether youre hoping to hit the slopes or the beach, any clothes purchased for a romantic getaway, the government taxes nearly all types of apparel. Of the $1.1 billion of clothing purchased for Valentines Day, 45.52 percent of the price is the result of government taxation.
The getaway location for the weekend will cost you too; 39.39 percent of the hotel rooms price is owed to Uncle Sam. If you have to rent a car for your trip, government piles on another 38.77 percent of the cost. Altogether, your romantic memories mean another $1.3 billion for government.
Valentines Day is usually a time to reflect on that special someone in your life. However, with government making up 33.14 percent of the cost of the holiday, it may mean its time for taxpayers and government to spend some time apart.
Uncle Sam? We need to talk
and its not me. Its you.
I guess I’m bringing the average down. Our family does not celebrate commercial holidays. I think we spent $2 on osme of those chalky candy hearts for the kids.
St. Valentine's day is a feast day for a great Martyr/Saint of the Church. Glory to God in the Highest!
St. Valentine, pray for us!
And diamonds owe a lot to DeBeers' hypermarketing.
But I have enough bright shiny, and a rose garden too; it's chocolate I can't seem to hang on to.
Same with us. My mother will probably send each of the children an e-card: cost is zero. Other than that ... geology study group, middle-school girls’ prayer meeting, books due at the library ... happy Valentine’s Day!
Question for ye preppers on board: how hard is it to grow chocolate in Zone 6?
Does that make me cheap? Maybe. But in Obama's economy, it's what I can easily afford. And, it's exactly what she wanted.
I don't blame her. Those Bailey's Chocolates are goooooooood.
The Bookwoman family has cutting out all but the most necessary expenses since we have been so hard hit by the economy at every turn.