For example, beer was originally taxed in 1951 at US$9.00/barrel and was taxed at US$18.00/barrel in 1999 (federal taxes only). If the US Congress had written an inflation-adjusted tax, it should have been US$55.88/barrel in 1999.
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For example, beer was originally taxed in 1951 at US$9.00/barrel and was taxed at US$18.00/barrel in 1999 (federal taxes only). If the US Congress had written an inflation-adjusted tax, it should have been US$55.88/barrel in 1999.