Floored by taxes

From The New York Times’ “The Pour” blog:

the budget has one more element that affects consumers. Wine and beer wholesalers and retailers will have to pay a tax on inventory that they have on hand May 1. The purpose of this floor tax, Anderson said, is to prevent retailers and wholesalers from profiting by making big purchases before the new excise taxes take effect.

Heaven forbid someone makes a profit these days…

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