Death and taxes

Did you #celebrate yesterday? Here’s something to toast this weekend. In the early 1900’s, about 40% of government income was from taxes on wine, beer and liquor. The “new” Income tax replaced the revenue lost when prohibition started and ended the 5th largest business in the nation. Then, this week in 1933, prohibition ended. Alcohol tax was back…AND the Fed kept the income tax. The only thing that changes things is change. Except death and of course: taxes.

Prohibition is over!

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