Comments on: Taxes http://fredfoodie.com/2009/06/12/taxes/ The Good Life in Frederick, Maryland Wed, 23 May 2012 01:09:22 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: fredfood http://fredfoodie.com/2009/06/12/taxes/#comment-154 fredfood Tue, 16 Jun 2009 18:20:13 +0000 http://fredfood.wordpress.com/?p=581#comment-154 Right on Josh! I will accept your corrections as I am mathematically challenged. Those numbers were from the AP. I see what you are saying with respect to the volume of change, though. Right on Josh! I will accept your corrections as I am mathematically challenged. Those numbers were from the AP. I see what you are saying with respect to the volume of change, though.

]]> By: Josh http://fredfoodie.com/2009/06/12/taxes/#comment-153 Josh Fri, 12 Jun 2009 19:47:12 +0000 http://fredfood.wordpress.com/?p=581#comment-153 Ok, not to be nit-picky or to raise my nerd glasses here, but... The beer tax represents a 15 cent raise in taxes which is only a 45.46% raise over the previous 33 cent tax. The wine tax represents a 28 cent raise in taxes which is only a 133% increase over the previous 21 cent tax. Finally, the liquor tax represents a 40 cent raise which is about a 19% increase as you stated. However, not to raise my nerd glasses even more, what really should matter economically is the volume of change not the ratio. Therefore the hard liquor tax increase is really the worst. The basic premise behind that thought is that say there was a sale across town for $50 off some expensive clothing item or $50 off a brand new car. While you would say, "eh, its only $50 off a whole car" and perhaps not drive across town you might actually do the same thing for $50 off the new clothing item. However, you're getting the same $50 benefit to your wallet either way. Ok nerd hat put away. Ok, not to be nit-picky or to raise my nerd glasses here, but…
The beer tax represents a 15 cent raise in taxes which is only a 45.46% raise over the previous 33 cent tax.
The wine tax represents a 28 cent raise in taxes which is only a 133% increase over the previous 21 cent tax.
Finally, the liquor tax represents a 40 cent raise which is about a 19% increase as you stated.

However, not to raise my nerd glasses even more, what really should matter economically is the volume of change not the ratio. Therefore the hard liquor tax increase is really the worst. The basic premise behind that thought is that say there was a sale across town for $50 off some expensive clothing item or $50 off a brand new car. While you would say, “eh, its only $50 off a whole car” and perhaps not drive across town you might actually do the same thing for $50 off the new clothing item. However, you’re getting the same $50 benefit to your wallet either way.

Ok nerd hat put away.

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