Thursday, November 29, 2012

How Much Do We pay in Taxes For These Everyday Items?



An alarming portion of the price that you pay for everyday products go directly to government coffers. Some of the worst taxes fall under the “sin tax” laws, as the IRS defines on its website:

A sin tax is used to discourage the use of products and services that could pose a risk to someone’s health, such as alcohol and cigarettes. Puritan colonists used the earliest sin taxes in this country.

So let’s begin with Cigarettes:

READ IT ON THE BLAZE: 
http://www.theblaze.com/stories/how-much-do-we-pay-in-taxes-for-these-everyday-items/

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