Beer. You love it. Taxes. You despise them. Well, you understand what they are for. You just don’t want to pay them. Or, you think yours are too high comparatively, and you think they’re being used incorrectly by political ghouls whose terms and lifespans are endlessly fueled with (y)our hard-earned money. Whatever your reason for disliking taxes, let me draw your attention to some tax news — because you also love to wallow in things you disdain.
Yesterday, the Beer Institute published an unofficial estimate of domestic tax paid shipments by beer brewers for July 2022. The July 2022 estimate is 13,700,000 bbls, a decrease of 5.5 percent compared to July 2021 removals of 14,502,392 bbls. The August 2022 domestic tax paid estimate is scheduled to be released on September 28, 2022. We’ll keep you updated! Now, some charts!
Domestic Tax Paid — TTB
(31 Gallon Barrels)
|Month||2021||2022||Percent Change||Volume Change|