Thursday, July 15, 2010

U.S. pockets $20.6 billion in sin taxes in 2009

(Reuters) - Americans armed themselves to the teeth and paid through the nose to have a smoke, according to a U.S. government report released on Wednesday.

The U.S. federal government collected $20.6 billion in taxes on alcohol, tobacco, firearms and ammunition in fiscal year 2009, up 41 percent from the previous fiscal year, according to the annual report of the Alcohol and Tobacco Tax and Trade Bureau.

(Full story)

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