The Conservative Cave
Current Events => The DUmpster => Topic started by: SSG Snuggle Bunny on June 21, 2014, 08:44:27 PM
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xchrom (103,446 posts)
Legal Pot Estimate Cut as 44% Washington Tax Curbs Demand
http://www.bloomberg.com/news/2014-06-20/legal-pot-estimate-cut-as-44-washington-tax-curbs-demand.html
Washington is poised to be as much of a disappointment as Colorado at filling its coffers from sales of legalized marijuana as buyers in the Pacific state balk at paying an effective sin tax rate of about 44 percent.
Revenue in Washington from voter-approved recreational pot sales, which start next month, is projected to fall 69 percent short of initial estimates as the state issues as few as 10 of 334 recreational licenses and the lower cost of medical marijuana undercuts demand, as it did in Colorado.
State officials across the U.S. have been watching to see whether legalizing marijuana will help balance their budgets as the economy rebounds from the worst financial crisis since the Great Depression. Alaska voters will consider legalization in the November election, and an effort is under way to place a similar measure on the ballot in Oregon. Two years from now, legal-pot advocates plan campaigns in Arizona, California, Nevada, Massachusetts, Maine and Montana.
“The potential windfall is limited,†said Mark Kleiman, a public policy professor at the University of California, Los Angeles, who helped devise Washington’s marijuana policy as a consultant to the state. “In the first couple of months, I think the prices will be high. The tax collections will be small because the volume will be small.â€
freeplessinseattle (3,162 posts)
1. Say what!? How stupid. Obviously the brainchild of those against legalization.
So let those numbskulls pay higher property taxes then, and get reamed some other way to pay for Big Bertha.
High pot taxes = less pot consumption
High property taxes = Detroit
ohheckyeah (7,663 posts)
2. I've seen the sentiment here on DU of
legalize it and tax the hell out of it.
Greed wins again.
"High taxes are greed"
We'll count that as a confession.
Comrade Grumpy (7,937 posts)
3. We'll live and learn from Washington and Colorado's experiences.
If taxes are too high, they won't be able to end black markets.
There must be an optimum tax price-point. I'm sure some economist could come up with a chart.
The Washington initiative is too tight, anyway. Live and learn.
There already is a chart it's called
The Laffer Curve!
and it is the basis of Reaganomics.
LittleBlue (5,924 posts)
6. Excessive taxation just creates a bigger black market. nt
Remember this the next time they bitch about jobs and corporate revenue going overseas.
http://www.democraticunderground.com/10025130442
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Hmmmm.
.....the economy rebounds from the worst financial crisis since the Great Depression.
I'm truly surprised the primitive didn't erase this part before posting the article.
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Comrade Grumpy (7,937 posts)
3. We'll live and learn from Washington and Colorado's experiences.
If taxes are too high, they won't be able to end black markets.
There must be an optimum tax price-point. I'm sure some economist could come up with a chart.
The Washington initiative is too tight, anyway. Live and learn.
Effective moling here. The Dummie starts out by saying that they live and learn from the liberal paradise of Washington and Colorado... then slaps the dummies upside the head with facts! All the while the dummies are clueless. And they wonder why we call them dummies.
BTW... I can neither confirm nor deny... ya all know the routine.
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Wait a minute. All the idiots supporting legalization espoused how much money states would make off of taxes. Now they are complaining when states want to make money off of it.
Comrade Grumpy (7,937 posts)
3. We'll live and learn from Washington and Colorado's experiences.
If taxes are too high, they won't be able to end black markets.
There must be an optimum tax price-point. I'm sure some economist could come up with a chart.
The Washington initiative is too tight, anyway. Live and learn.
I wonder what the penalties are for not paying a sales tax is? Wouldn't buying illegal pot from a street dealer make both parties guilty of conspiracy to commit tax evasion?
I wonder how much of a tax those states put on alcohol and cigarettes.
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I wonder how much of a tax those states put on alcohol and cigarettes.
Washington is pretty greedy with all of it's sin taxes. Worse, liquor - anything more potent than beer/wine, that is - may only be purchased from state run liquor stores.
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Washington is pretty greedy with all of it's sin taxes. Worse, liquor - anything more potent than beer/wine, that is - may only be purchased from state run liquor stores.
http://liq.wa.gov/stores/liquor-pricing
From what I can see, the 40% on pot would be about like the booze.
They have a $3/pack cigarette tax and are thinking about bumping it up another dollar.
Screw the pot smokers, their lazy asses don't want to pay taxes is all.
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Hoist on their own petard, love it! :lmao:
I have a young person or two to show the actual news article so I can point and laugh... :-)
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Hoist on their own petard, love it! :lmao:
I have a young person or two to show the actual news article so I can point and laugh... :-)
They're all for high taxes until what they consume gets taxed...:lmao:...Hey, DUmmies just getting what they've always wanted....legal pot and higher taxes.... :lmao: