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Taxes

States reap tax rewards from legalized marijuana sales

DENVER, June 14 (UPI) — Colorado’s Gov. Jared Polis announced this week that his state, which started selling retail recreational marijuana in 2014, had generated $1 billion in tax revenue from pot in just five years. For a number of states, taxes on marijuana sales have been a boon to coffers …

A devastating analysis of the tax cut shows it’s done virtually no economic good – Los Angeles Times

You may remember all the glowing predictions made for the December 2017 tax cuts by congressional Republicans and the Trump administration: Wages would soar for the rank-and-file, corporate investments would surge, and the cuts would pay for themselves. The nonpartisan Congressional Research Service has just published a deep dive into the …