Taxation of Alcoholic Beverages

Archive Report

Note

The right to reproduce material contained in Editorial Research Reports is strictly reserved to the newspaper clients of the service. Verbatim use of such material by others will be permitted only upon written authorization of the editor.

Richard M. Boeckel, Editor

Proposed Change in Treasury Regulations

Total public revenues from alcoholic beverages in 1940 are estimated as $1,171,000,000. Most of this money went to the federal and state governments, which received about $776,000,000 and $355,000,000, respectively. In both cases, the amount was greater than receipts from liquor taxes in any previous year, before or since the eighteenth amendment. It is almost certain, however, that with largely increased revenues needed for defense an attempt will soon be made in Congress to raise the rates of federal liquor taxes ...

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