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1,900% Tax Hike

1,900% Tax Hike

Old Feb 16th 2009, 11:37 pm
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Default 1,900% Tax Hike

Law makers in Oregon want to increase the beer tax by 1,900%

http://www.businesspundit.com/oregon...-beer-by-1900/
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Old Feb 17th 2009, 12:20 am
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Default Re: 1,900% Tax Hike

Originally Posted by Norri View Post
Law makers in Oregon want to increase the beer tax by 1,900%

http://www.businesspundit.com/oregon...-beer-by-1900/
"if the measure passes, a pint of beer will cost $6, 1,900% more than it does now."

I suspect some error in the maths here
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Old Feb 17th 2009, 12:58 am
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Default Re: 1,900% Tax Hike

Originally Posted by elfman View Post
"if the measure passes, a pint of beer will cost $6, 1,900% more than it does now."

I suspect some error in the maths here
The increase is in the tax not in the price of beer.

"Oregon's beer tax is currently $2.60 per 31-gallon barrel, which is fourth lowest in the nation. HB-2461, also sponsored by Representatives Ben Cannon (D-Portland) and Michael Dembrow (D-Portland), would set the new "prevention, treatment and recovery tax" at $49.61 per 31-gallon barrel, easily the highest in the nation. The current tax is about 0.79 cents per 12-ounce glass of beer, or about 4.7 cents a six-pack. The new tax would be about 15 cents per 12-ounce glass of beer and 90 cents a six-pack. "

$2.60 / 100 = $0.026 x 1900 = $49.40 so a trifle over 1900%
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Old Feb 17th 2009, 1:01 am
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Default Re: 1,900% Tax Hike

Originally Posted by Norri View Post
The increase is in the tax not in the price of beer.
you don't say

I would expect better numeracy and proof-reading (including the headlines) from someone calling themselves the "Business Pundit"
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Old Feb 17th 2009, 1:05 am
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Default Re: 1,900% Tax Hike

Originally Posted by elfman View Post
you don't say

I would expect better numeracy and proof-reading (including the headlines) from someone calling themselves the "Business Pundit"
I too, but the thread heading was quite clear though the source of evidence could have been better chosen.
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