Calling all Beer Tax Enthusiasts!
Yes, you read that right. You might love beer, and may even have a fancy for taxes. There’s no judgement here! You are not alone, and by the way, there’s some big news that’s just surfaced. Before we start evaluating the data, let’s just take a moment to revel in our shared passion. Our love for alcohol and fiscal policies doesn’t make us weird, it makes us absolutely outstanding.
A Revelatory Report
And so, with excitement and anticipation that rivals a child tearing open Christmas presents, we inch closer to the big reveal. On a not-so-uncommon day, the Beer Institute filled our glasses to the brim with a whopping unofficial estimate of domestic tax paid shipments by beer brewers. Hold your breath – this was for the month of August 2023!
The August Shocker
After the initial information high, now comes the moment of truth. According to the unofficial estimate, the number stands at 14,200,000 barrels or ‘bbls’. But hold on – is that a decrease? Yes, you read it right again. This is a decrease of 5.1% compared to the August 2022 removals of 14,969,444 bbls.
Perhaps there’s a sense of disbelief, a mere hiccup in our happiness. Who’d have thought there could be such a shift within the span of a year? But let’s not lose hope, fellow alcohol-fiscal aficionados. Surely, there’s more to the statistics than meets the eye!
A Peek into September 2023
Are you ready for more? Because the adventure doesn’t stop in August. On November 8, 2023, the estimate for domestic tax paid for September 2023 is scheduled to be released. Yes, there is yet another thrill waiting for us around the corner. We can hardly wait!
Breakdown of Domestic Tax Paid – TTB
Let’s delve deeper into our beloved beer barrel of statistics. Beginning from January and going all through the months till August of 2023, we can see varying values of domestic tax paid, in comparison with the year 2022.
Highlights include a 3.8% decrease in January from 11,603,285 to 11,160,146. In contrast, there was a slight 1.0% increase in February from 10,864,950 to 10,973,990.
Unfortunately, March and April followed January’s trend with a 6.0% and 5.5% decrease respectively. The largest drop can be seen in May – a significant 12.2% from 14,450,839 bbls to 12,681,000 bbls. June, July, and August continued the trend with decreases of 9.7%, 5.6%, and 5.1% respectively.
With all the monthly fluctuations, the year-to-date (from January to August) figure for 2023 stands at 104,184,792 bbls. Indeed, this is a 6.2% decrease when compared to the 111,114,944 bbls for the same period in 2022.
Onwards to More Fermentation Fun
Dear beer-tax enthusiasts, let’s not be disheartened by the minor fumbles along the way. Remember, with every decrease, there’s potential for an increase down the road. So, here’s to more ‘hoppy’ times ahead!
Million.
Wow, this is huge news for all beer tax enthusiasts out there! The passion for both beer and taxes is often not understood by many, but this report proves that we are not alone in our interests. Let’s raise a glass to this revelatory report and embrace our unique love for alcohol and fiscal policies. Cheers to us, the beer tax enthusiasts!
Million unit-count.Yes, it’s an impressive starting point, but what does it all mean?
I am in awe of the passion and dedication of beer tax enthusiasts! It’s amazing to see people coming together with shared interests, and the unveiling of the August 2023 unofficial estimate is sure to be a thrilling moment for all. Cheers to all the beer and tax lovers out there!