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In reply to the discussion: Pot Is Making Colorado So Much Money They Literally Have To Give Some Back To Residents [View all]frazzled
(18,402 posts)Look, that's a shitty state amendment (the "Taxpayer's Bill of Rights that refunds citizens 'when the state collects more than what's permitted by a formula based on inflation and population growth.'"
Read more: http://www.rollingstone.com/culture/news/colorado-may-pay-residents-over-excess-marijuana-revenue-20150130#ixzz3QUodgMIt
We shouldn't be applauding this. It's a conservative/libertarian balanced-budgety kind of thing that limits government. And the $50 million Colorado earned isn't all that much. And we shouldn't confuse tax revenue on items or services with "good." My state, for example, made "only" (it was far short of expectations) $212 million on cigarette taxes in 2013. It made $168 million in revenue from video gambling in 2014. Both are regressive. The state income tax remains highly unjust--a flat rate that rewards the wealthy.
Let's keep the discussion about pot and taxes separate.