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Some of the states are beginning to understand the downside to high sin taxes.
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If California voters decide to legalize marijuana for recreational purposes on Nov. 8, there will still be important decisions left to local elected officials.
One crucial element that cities and towns will have to decide—if voters approve legalization statewide, as polls suggest they will—is whether to apply local sales taxes on cannabis. Proposition 64 sets a statewide sales tax of 15 percent on marijuana, but gives local jurisdictions the right to layer additional taxes on top.
As I explained in a column in the Orange County Register this weekend, cities should resist the urge to set high tax rates that could keep a portion the state's marijuana market—a market that could account for more than $5 billion in annual sales—in the shadows and make it harder for legal marijuana businesses to get started. Other states aiming to legalize weed should take the same cautious approach.
The SCOTUS ruled 5-4 that the FDA could not regulate cigarettes, even though they are nothing more than a drug delivery system.
Tax the crap out of sin items including sugar soft drinks, beer, liquor, fast food, meals served at restaurants, cigarettes, all forms of tobacco, gambling, MJ, and any other sin.
Don't tax food in grocery stores, clothing, tampoons, drugs.
The SCOTUS ruled 5-4 that the FDA could not regulate cigarettes, even though they are nothing more than a drug delivery system.
Tax the crap out of sin items including sugar soft drinks, beer, liquor, fast food, meals served at restaurants, cigarettes, all forms of tobacco, gambling, MJ, and any other sin.
Don't tax food in grocery stores, clothing, tampoons, drugs.
post your habits and hobbies and let's see if there aren't a few things you enjoy that we can "tax the crap of"
My city made a LOT of money off you guys last time you did that. lol
This is actually happening with the smoking taxes, a pack of smokes in NYC is something like $15. The revenue has declined substantially and it's not because of less smoking.
This is actually happening with the smoking taxes, a pack of smokes in NYC is something like $15. The revenue has declined substantially and it's not because of less smoking.
Certainly it will encourage smuggling. But soft drinks are a little harder to transport than cigarettes. Also, the neighboring jurisdiction may decide to take advantage of it by imposing its own, lesser, tax.
I have some fast boats. If you need help getting the stuff across the river, let me know!
I'm listening.
Quote:
Originally Posted by thecoalman
This is actually happening with the smoking taxes, a pack of smokes in NYC is something like $15. The revenue has declined substantially and it's not because of less smoking.
I believe it. Here it's smuggling Native made smokes of reservations. 2 cartons for $20 is hard to pass up. lol
The SCOTUS ruled 5-4 that the FDA could not regulate cigarettes, even though they are nothing more than a drug delivery system.
Tax the crap out of sin items including sugar soft drinks, beer, liquor, fast food, meals served at restaurants, cigarettes, all forms of tobacco, gambling, MJ, and any other sin.
Don't tax food in grocery stores, clothing, tampoons, drugs.
Sin items are quite subjective. Let's tax jogging shoes since joggers incur lots of knee injuries. I'm sure there are lots of "sin items" that you purchase too.
And BTW, "drugs" can easily be classified as sin items.
This is actually happening with the smoking taxes, a pack of smokes in NYC is something like $15. The revenue has declined substantially and it's not because of less smoking.
This is true. 50% of all NYC cigarettes are purchased out of state.
High taxes make the black markets thrive. When you tax something, you get less of it. When you tax something excessively, you get a thriving black market and lower tax revenue.
I oppose the "sin tax" as it's called. People should be free to make their own health choices. That said, while I support things like universal healthcare, I don't think it would be unfair that people who have poor habits have to pay a little out of pocket to cover their healthcare costs. Some people just get unlucky. You live an active lifestyle, eat well, and have good mental health, but you still find a lump on your breast or your appendix is about to burst or you slip and fall down the stairs, breaking several bones. As someone who supports universal healthcare, I don't mind a bit of my work going to keeping you going. But if you drink 40oz of soda daily or smoke a pack a day, and your health declines as a result, it's not the same for me. An occasional soda or smoke is one thing, but if you live a life of excess (which in fairness, or declining culture seems to idealize), I like you less and feel you deserve a little less.
I believe it. Here it's smuggling Native made smokes of reservations. 2 cartons for $20 is hard to pass up. lol
Here in PA anyone can buy the tobacco and tubes for about $10 per carton, the basic machine is about $40. I can make a carton in perhaps half an hour at the very most. With some modifications to the machine I could probably get that down to about 10 or 15 minutes. In an 8 hour period I could make about 32+ cartons of smokes, if I sold them at half the price they are charging in NYC that's about $2K+ profit per 8 hour shift.
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