According to a report by 24/7 Wall St., state governments collected more than $50 billion in “sin taxes” in 2011 from several products and activities including gambling, smoking, and alcohol ...
The search for government revenue in fiscally tight times tempts legislators to raise revenue by imposing unusually high excise taxes on cigarettes, liquor, gambling, and so on. Recently, we’ve seen ...
Sin taxes are state-sponsored taxes that are added to products generally deemed harmful, like liquor and tobacco. Advocates of sin taxes argue that they discourage people from partaking in harmful ...
Nothing’s certain but death and taxes. If you live in America, there are even taxes on the things that can kill you. If you drink or smoke, you’ve noticed the sin tax in your favorite vice’s shelf ...
It’s a simple fact of life that many people do not like having to pay tax. This is why the promise of reducing the tax burden on individuals will generally be one of the cornerstones of any politician ...
Raising taxes can be a big burden for the middle class and is often unpopular among people. However, there is one tax that, ...
Separate from the sin tax, state lawmakers also have proposed providing $600 million for the Brook Park stadium. The Ohio Senate plan involves borrowing from unclaimed funds in a state account. The ...
More and more, according to the data, tax revenue from state-sanctioned gambling — from Keno and scratch tickets to casinos and sports betting — is becoming more valuable to the state’s budget than ...
Increasing “sin taxes” loomed over the Indiana budget as it was discussed in conference committee Monday, but one of the budget architects reiterated the increase was “on the table” along with ...
CLEVELAND, Ohio - The Cleveland Cavaliers are concerned that talks over the potential use of county sin tax money for capital repairs at a proposed Browns stadium in Brook Park could crush efforts to ...