Meet the New Boss
Regardless of how you may feel about the results of our recent presidential election, I think most of us agree that the peaceful transition of power from one administration to…
Category: Excise Taxes
Unbonded Beware
In late 2015, President Obama signed into law the Protecting Americans from Tax Hikes Act of 2015 (the “PATH Act”). As a result of the passage of the PATH Act,…
All in the Family
This past week, I had the chance to visit two separate distilleries – each of which was outside Washington. First, I got to play “distiller in training” with the…
Death or Taxes?
Since at least Daniel Defoe’s 1726 work The Political History of The Devil, we’ve come to associate death and taxes with the concept of certainty. [Note: Mr. Defoe is not…
Arbitrage
We celebrate business successes. In fact, we even go so far as to suggest (without necessarily having empirical evidence) that success in business correlates with intelligence, moral superiority and suitability for government service. At…
Will the Feds take a Smaller Share?
A few weeks ago, I posted about the Feds’ Share, discussing the amount that federal excise taxes add to the cost of producing distilled spirits (and therefore the amount paid…
The Feds’ Share
As anyone interested in whisky knows, the “angels’ share” is the amount of the spirit that will be lost to evaporation during the time that the spirit is aged. The…
