So reports Americans for Tax Reform, a non-profit group that works for lower taxes and smaller government.
The holidays are supposed to be a season for giving and spending time with loved ones. However, Uncle Sam has forced taxpayers to add him and his greedy local and state relatives to their gift list. Of an identified $10.72 billion of holiday spending, an incredible 43.36 percent is due to government taxes, fees, and other costs.
If you are one of the 93 percent of holiday revelers traveling this season, you will pay $69.65 in gas taxes for the average $152.47 round-trip excursion — 45.68 percent of the cost of the trip. Taking a rental is another convenient option, but 38.77 percent of your car’s rental cost is due to taxation, particularly from state and local governments.
Choose to fly to visit friends and family and 42.47 percent of your trip is made up of government costs. If you retreat from your in-laws to a hotel, remember that 39.39 percent of the cost of your stay is funneled back to the government. For Christmas 2011, the government will stuff its stocking with $3.79 billion in traveling taxes.
Holiday revelers enjoy an estimated $992 million in alcoholic beverages to celebrate the season. Savor your next mug of eggnog, because 56.31 percent of the price is taxes. Government guzzles 44.33 percent of your seasonal beer and drives up the price of your glass of wine at Christmas dinner by 32.77 percent. Sipping a soft drink won’t let you escape frosty government fees — 27.98 percent, or $61 million in taxes, is attached to the cost of soda.
When Santa comes down the chimney this year, he’ll have to save room in his sack for Uncle Sam’s gifts. Government gets $21 billion of a cumulative $69.1 billion spent on presents, consuming nearly a third of Christmas gift-giving.
All told, the government collects $25.9 billion in new revenues over the holiday season.
And still more is ahead. Not even Christmas trees are safe. The government has proposed a new 15 cent tax on each Christmas tree sold — which would mean government would make up 31.19 percent of the price of an average 40 dollar Christmas tree. Public outcry led to the tax being delayed — for the moment. But look for that little Christmas present in your stocking in the near future.
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by Liberator Online editor James W. Harris.