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Showing results for tags 'federal excise tax'.
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Hello, The Federal Excise Tax will help use all out, no doubt. Here are some things you want to think about. 1. It is on the first 100,000 Proof gallons per DSP. I do contract bottling, each DSP is worth $1,080,000 if maxed out. I will be applying for another DSP to take advantage of this. I will be applying for more if I come close to maxing out my first 2 DSP's. 2. My bond for my DSP lets says is $80,000 @ $13.50 a proof gallon I could only have 5925 Proof gallons on hand at any time. But now $80,000 bond I can have 29,629 proof gallons on hand at any time. So for people that have no bond or a $20,000 they can have 7407 proof gallons. 3. If this is not made permanent by 2020. I highly suggest to have cash stock piled and remove as much finished product as you can to your unbounded area even if it a storage unit before the end of December 31, 2019 so you can pay the $2.70 a proof gallon. 4. This was made to help out the little guys, correct? Well I can tell you if I was Brown Forman, or Diago, or any of the big guys I would take full advantage of this new law. If I was them I would build an industrial park with 200, 10,000 sq ft bays. I would then have a main tank farm in the middle feeding each bay, or feed off a tanker truck outside. I would set up 3 bottling lines on skids. Each of the 200 bays would have there very own DSP. I would start with bay 1 and reach the 100,000 pg limit and start the next bay, meanwhile move the filling equipment to bay 4 and keep staging equipment until all 200 DSP's were used up. 200 DSP's is worth $216,000,000. To me that would seem like easy money. I have made it my mission to help other distilleries out. I talk to people all over the country everyday. I offer my thoughts and suggestions with a grain of salt. Take Care: Joseph Dehner 515-5594879 firstname.lastname@example.org