Tax Rascal

Proposition 19: Does Legal Marijuana Make For Tax Windfalls?

Categories: Uncategorized

California’s Proposition 19, known ever so formally as the Regulate, Control and Tax Cannabis Act of 2010 is being championed by a lot of people because it would have massive tax benefits. And it will–just not the ones you expect.

The biggest tax benefit of Proposition 19 would be the cut in law enforcement, not the revenue from those who like to pass to the left. In fact, that revenue is projected to be pretty small, since it’s all sales tax based. Even at a higher “sin tax” rate, it’s only projected to bring in $500 million annually. Nothing to sneeze at for a state as in debt as California, but nothing that will save them either.

Instead it’ll be …

Plain Writing Act of 2010: Can Taxes Ever Make Sense?

Categories: Uncategorized

Last week congress passed H.R. 946 into law, generally known as the known as the Plain Writing Act. What this is will hopefully do is make sure that government documents can be understood by the average person. Fewer acronyms, less jargon, more straight talk.

Great, right? Finally some governance for the people, by the people, and understood by the people. But, like many federal government laws, it has some flaws.

First, it’s ridiculous that this law even needed to be enacted. For those of us who are fans of smaller government, we want less laws (and more common sense) not more laws that legislate common sense. Of course people should be given forms that make sense to them–I just don’t … Read more...


Featured & Popular Articles