How much is government taxing your New Year’s champagne?

Published December 31, 2015 3:11pm ET



People across the country will pop bottles of champagne at midnight tonight to celebrate the new year. The question is, how much is the government raining on your New Year’s parade with champagne taxes?

The Wine Institute has a list of the excise taxes on sparkling wines in each state. If you’re celebrating New Year’s in Florida, you’ll be paying a lot extra for your champagne. Florida taxes sparkling wine at $3.50 per gallon, the highest rate in the nation. That’s a dollar more than the second-highest state, Alaska.

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