81–90 of 126 posts
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The silliest tax earmark was for anti-pot education, especially aimed at under 18. Seeing users and magazine ads everywhere saying it is good for adults, but how could you say its bad for teens then?
Science. It impedes brain development in youth.
http://www.thestranger.com/seattle/what-smoking-weed-does-to...
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The silliest tax earmark was for anti-pot education, especially aimed at under 18. Seeing users and magazine ads everywhere saying it is good for adults, but how could you say its bad for teens then?
Science. It impedes brain development in youth.
Maybe that's the rationale for arresting the 14 year-old clockmaker
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Alcohol is heavily taxed, and as any liquor store owner will tell you, it's taxed at every possible opportunity: production, distribution and end user sales. We should be striving to bring overall tax rates for tobacco and marijuana up to match alcohol.
Marijuana has an incredibly high tax in Colorado. IRC its like 25%
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If $70 million isn't a "big new revenue source" then what is? Have there been recent tax changes in any other states that have surpassed this?
Sure: California recently increased it's sales tax by 1%. Sales Taxes are 30% of the California budget, so that equates to a 3% change in revenue. That's more than 10X the revenue generation of Marijuana Taxes.
Presumably, you are referring to the 1% temporary 2009-2011 boost during the budget crisis, from 6.25% to 7.25%
> Sales Taxes are 30% of the California budget, so that equates to a 3% change in revenue.
All other things being equal, assuming 30% of the budget is sales tax before the increase, a 6.25% to 7.25% increase in sales taxes is closer to a 5% overall increase in revenue.
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In Ireland in 2008 we were warned the only two industries that would remain unaffected by the looming recession were the funeral and cigarette manufacturing industry. The two were absolutely stable the entire time almost every other industry brought in less tax revenue/revenue. Sin taxes can be some of the most stable sources of income as in the case of cigarettes and this is more evident during times of downturn whe…
Video games are one of the best investments during bad times as well.
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25% incredibly high ? Some European countries have higher VAT than that :(
nitpick, but I think only one country has higher VAT rate than 25% - Hungary with 27% source: https://en.wikipedia.org/wiki/European_Union_value_added_tax
If it is legal to get those thugs will have to shift to the harder stuff which pushes them more underground and off of the most common streets. This makes it safer for a lot of users who would use regardless of legality.
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Colorado collected $42 million in alcohol taxes over the same time period. http://dailycaller.com/2015/09/15/colorado-just-became-the-f...
Seems like their alcohol taxes are far too low, considering how much more harmful alcohol is versus marijuana.
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In Ireland in 2008 we were warned the only two industries that would remain unaffected by the looming recession were the funeral and cigarette manufacturing industry. The two were absolutely stable the entire time almost every other industry brought in less tax revenue/revenue. Sin taxes can be some of the most stable sources of income as in the case of cigarettes and this is more evident during times of downturn whe…
> it takes very little willpower to stop using it during times of hardship. ...and yet that's often a great time to smoke a blunt. Fewer side effects than alcohol.