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The Price of Spirits

The price of spirits in Iowa is comprised of several cost factors, including supplier costs, federal and state excise taxes and a variety of other charges. For instance, the final cost that an Iowa consumer could expect to pay, on average, for a 750 ML bottle of Jack Daniels Tennessee Whiskey, is $19.99. That price includes the following elements:

 
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$  .07

    .35%

  

Bottle Deposit & Surcharge

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$  .95

  4.75%

  

State Sales Tax (5%)

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$2.30

11.51%

  

Federal Excise Tax

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$3.98

19.91%

  

Average Retail Mark-Up (26.5%)

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$5.00

25.01%

  

State Excise Tax (50% Mark-Up)

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$7.69

38.47%

  

Distiller Cost & Profit

  __________      
 

$19.99

   

Total Cost of bottle

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