Alcohol
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 with a shelf price of $23.99, is $25.43. That price includes the following elements:
 |
$ .09 | .35% | Bottle Deposit & Surcharge |
 |
$1.44 | 5.66% | State Sales Tax (6%) |
 |
$2.14 | 8.42% | Federal Excise Tax |
 |
$5.90 | 23.20% | Average Retail Mark-Up (26.5%) |
 |
$6.00 | 23.60% | State Excise Tax (50% Mark-Up) |
 |
$9.86 | 38.77% | Distiller Cost & Profit |
| $25.43 | Total Cost of bottle |
