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The billion dollar war behind U.S. rum

2024-03-15 00:00:00 +0000 UTC ·23m 25s ·by NPR
The billion dollar war behind U.S. rum
Planet Money
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About this episode

When you buy a bottle of rum in the United States, by law nearly all the federal taxes on that rum must be sent to Puerto Rico and the U.S. Virgin Islands. It’s an unusual system that Congress designed decades ago to help fund these two U.S. territories. In 2021 alone, these rum tax payments added u