How Much is the Government Making Off of Alcohol?

via blog.turbotax.intuit.com

This illustrates how much money individuals are being taxed to consume alcohol, and subsequently how much the Federal and State governments are generating in tax revenue. There is also a breakdown of how different types of alcohols are taxed in the various states, as well as international comparisons — to put thing in perspective. Some of the figures may be surprising. What do you think?

Could Legalizing Marijuana Solve California's Deficit?

via mint.com

With a bill to legalize marijuana on the November California ballot, the controversy over the prohibition has reached a new high. Supporters see the potential tax revenues as a solution to the state’s mounting budget crisis, while those against argue that the increased use of marijuana will bring with it additional health care costs that far outweigh any economic benefits. We couldn’t think of a more appropriate day than today, 4/20 to take a look at the economic implications of a repeal of the prohibition. Is this a viable plan to get the state out of the weeds or just some kind of reefer madness?