Lazy Magnolia Brewing Company talks about HR 4278

HR 4278 gives a small excise tax break to the nations smallest brewers which employ people in communities throughout America. Learn more at http://bit.ly/HR4278 .

Category:

Nonprofits & Activism

Tags:

• small brewers
• HR 4278

[wannabetvchef]

You go, Leslie. That's why you lower taxes not raise them when the economy is bad. Government has never fixed the economy, it is always up to small business. Plus Lazy Magnolia's beer is amazing!

[mmstingrae]

Great video!

[ATXChillin]

1500 bbl *$3.5 = $5250, not $5400.

1 tank on top of 10000bbl capacity = 50% one full time worker, $15/hour puts them in the 15% bracket for only 26k of income

So $10,000 is $1950 assuming no deductions (unlikely)

State Excise = $20,800 at $13/bbl most states are closer to $7 bbl.

So $20,800 is $10,500

$11,800 Sales Taxes assumes you create new sales instead of replacing AB sales (taxed more that double the rate)

$11,500 assumes you don't reinvest added revenue, which you just said you do.

[sojournertrooth]

Wow this is awesome.

[ChrisDGuerra]

Well done!