Posted on 07/14/2010 8:30:54 PM PDT by dynachrome
The U.S. federal government collected $20.6 billion in taxes on alcohol, tobacco, firearms and ammunition in fiscal year 2009, up 41 percent from the previous fiscal year, according to the annual report of the Alcohol and Tobacco Tax and Trade Bureau.
Part of the U.S. Treasury Department, the TTB credited most of the $6 billion rise in revenues collected to the increased taxes on the tobacco industry as a result of the Children's Health Insurance Reauthorization Act passed in February 2009.
There was also a spike in tax collection from the sale of guns and ammunition, said the report from the agency that has an annual budget of $99 million.
(Excerpt) Read more at in.reuters.com ...
Since when is my ammunition considered sinful?
There will be a lot more incoming taxes once The Messiah drives gasoline taxes up to $6-$7 per gallon; but it won’t be much longer. Europe already understands the game and is agreeing with The One that a temporary moratorium on deep water drilling is pretty cool - talk about manipulating the market.
I don’t consider any of those items sinful.
Reuters is biased of course.
$20.9b in revenue, $99m in operating costs. Hrm, that’s a 20800% profit margin.
Firearms and Ammo aren’t a ‘sin.’
If we fail to take back at least one House of Congress, you can just just figure on about a 1000% increase in this tax revenue before 2012.
Nancy is looking at this in shocked disgust that a measly $20 billion is all they’re getting out of this.
Putting a few million more out of work would surely help alcohol consumption to soar.
That, and it kills ‘em off earlier so it helps make Obamacare and Social Security go a bit further.
And the tax on ammo will be the first to soar.
IIRC, packs of smokes are going to $10 apiece in New York city pretty soon. The Mafia will do well smuggling cheaper ones in.
“...most of the $6 billion rise in revenues collected to the increased taxes on the tobacco industry as a result of the Children’s Health Insurance Reauthorization Act passed in February 2009....”
NOT from this sinner. I quit smoking after 50 years of enjoying my smokes when the bastards past that one. Quit cold turkey, and stayed quit.
Made up for it in guns and ammo though :)
“...most of the $6 billion rise in revenues collected to the increased taxes on the tobacco industry as a result of the Children’s Health Insurance Reauthorization Act passed in February 2009....”
NOT from this sinner. I quit smoking after 50 years of enjoying my smokes when the bastards passed that one. Quit cold turkey, and stayed quit.
Made up for it in guns and ammo though :)
Oops. Sorry about the double post. Corrected spelling not knowing it had posted.
NYC retail cig packs went to $14 last week.
Non-retail cigarettes? - not so much.....around $8-9 for black
market.(That went up too - lol)
I’ve heard well over 60% of cigarettes smoked in NYC are not bought there - they are privately transported or smuggled and bought off the sidewalks.
taxes on firearms and ammo are sin taxes? They should be called freedom taxes.
Or firearms?
When does an attack on a Constitutional right become acceptable by taxing it into extinction?
The power to tax is the power to destroy. Where are the States on this? Are they "sharing" the bonus?
The power to tax is the power to destroy.
Thus destroying the right to own arms is both Constitutional and desireable?
I remember that after abortion was defined as a "right," it was also deemed not to really be a right unless the lazy and the terminally incompetent could afford it. So the taxpayer was forced to pay for them.
Is this that same concept in reverse? And they can both be asserted as "Constitutional?"
I am truly confused.
Get 'em while you can. Where is the tax threshold that will make exercising your Constitutional right too expensive?
The tanning “sin tax” just kicked in. “Sin Tax” collections are going to jump from $20.6 B to $20.6001B.
If anything I’m just fulfilling my patriotic duty by buying the stuff.
“freedom tax” seems like a contradiction of terms though....
“Where is the tax threshold that will make exercising your Constitutional right too expensive?”
The Leftists ARE working on that one. Won’t be long.
“I don’t consider any of those items sinful.
Reuters is biased of course.”
###
NONE of those items are sinful.
The destructive, soulless Communism that Reuters pimps for on the other hand.....
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