Craft Beer Week Is Perfect Time to Celebrate American Small Businesses
Craft breweries giving back is an awesome thing, especially given the fact that beer is subject to exorbitant excise taxes – including a $3.50 per barrel federal excise tax “on the first 60,000 barrels for domestic brewers producing fewer than two million barrels annually” and “$16 per barrel on the first six million barrels for all other brewers and all beer importers.” Further, states impose their own excise taxes ranging from $0.02 per gallon in Wyoming to $1.29 in Tennessee. According to the Beer Institute, nearly half (40 percent) of the retail price is estimated to go towards taxes and existing research indicates that “the tax burden borne by beer drinkers is more than 68 percent higher than for the average purchase made in the U.S.”