Main Menu |
Most Favorited Images |
Recently Uploaded Images |
Most Liked Images |
Top Reviewers |
cockalatte |
646 |
MoneyManMatt |
490 |
Still Looking |
399 |
samcruz |
399 |
Jon Bon |
396 |
Harley Diablo |
377 |
honest_abe |
362 |
DFW_Ladies_Man |
313 |
Chung Tran |
288 |
lupegarland |
287 |
nicemusic |
285 |
You&Me |
281 |
Starscream66 |
278 |
George Spelvin |
265 |
sharkman29 |
255 |
|
Top Posters |
DallasRain | 70787 | biomed1 | 63165 | Yssup Rider | 60798 | gman44 | 53286 | LexusLover | 51038 | offshoredrilling | 48625 | WTF | 48267 | pyramider | 46370 | bambino | 42465 | CryptKicker | 37210 | The_Waco_Kid | 36919 | Mokoa | 36496 | Chung Tran | 36100 | Still Looking | 35944 | Mojojo | 33117 |
|
|
11-06-2013, 01:34 PM
|
#1
|
Account Disabled
Join Date: Apr 1, 2009
Location: TBD
Posts: 7,435
|
Colorado puts 25% excise tax on pot.
And that is just the opening round. Look for it to creep ever higher.
As time goes by, politicians will regard that tax as some kind of infinite pool of money. They will keep raising the rate - for the children, of course! - and create ever greater incentives to dodge the tax.
Colorado did a smart thing by legalizing pot.
They are doing a stupid thing by taxing it so high that it creates a black market. They are just replacing one type of crime with another.
|
|
| 1 user liked this post
|
11-06-2013, 01:51 PM
|
#2
|
Valued Poster
Join Date: Jan 3, 2010
Location: Clarksville
Posts: 60,798
|
Boy am I glad I quit going to Colorado!
|
|
| 1 user liked this post
|
11-06-2013, 01:54 PM
|
#3
|
Account Disabled
Join Date: Apr 1, 2009
Location: TBD
Posts: 7,435
|
Quote:
Originally Posted by Yssup Rider
Boy am I glad I quit going to Colorado!
|
It's cheaper and tax free in Austin?
|
|
| 1 user liked this post
|
11-06-2013, 02:04 PM
|
#4
|
Valued Poster
Join Date: Jan 3, 2010
Location: Clarksville
Posts: 60,798
|
I wouldn't know... anymore!
|
|
| 1 user liked this post
|
11-06-2013, 02:04 PM
|
#5
|
Lifetime Premium Access
Join Date: Mar 29, 2009
Location: Texas Hill Country
Posts: 3,325
|
Not to worry.
One of the forum's esteemed professors will be along any moment to give us the obvious solution for residents of Colorado counties who are troubled by the new tax:
Secession!
|
|
| 1 user liked this post
|
11-06-2013, 02:10 PM
|
#6
|
Valued Poster
Join Date: Feb 9, 2010
Location: Here
Posts: 14,191
|
Quote:
Originally Posted by CaptainMidnight
Not to worry.
One of the forum's esteemed professors will be along any moment to give us the obvious solution for residents of Colorado counties who are troubled by the new tax:
Secession!
|
he/they are still trying to figure out how to fund the "new state" without taxing the people
|
|
| 1 user liked this post
|
11-06-2013, 02:18 PM
|
#7
|
Lifetime Premium Access
Join Date: Mar 29, 2009
Location: Texas Hill Country
Posts: 3,325
|
Quote:
Originally Posted by CJ7
he/they are still trying to figure out how to fund the "new state" without taxing the people
|
Well, he'll get around to figuring that out once he determines how Colorado's legislature and the United States Congress might be persuaded to approve the secession of a group of counties!
|
|
| 1 user liked this post
|
11-06-2013, 02:26 PM
|
#8
|
Account Disabled
Join Date: Apr 1, 2009
Location: TBD
Posts: 7,435
|
Quote:
Originally Posted by CaptainMidnight
Well, he'll get around to figuring that out once he determines how Colorado's legislature and the United States Congress might be persuaded to approve the secession of a group of counties.
|
According to the perfesser, they don't need approval.
The neighboring states will recognize them by cutting deals with them for their mineral wealth.
Yeah, that's the ticket...
|
|
| 1 user liked this post
|
11-06-2013, 02:34 PM
|
#9
|
Lifetime Premium Access
Join Date: Mar 29, 2009
Location: Texas Hill Country
Posts: 3,325
|
Quote:
Originally Posted by ExNYer
According to the perfesser, they don't need approval.
The neighboring states will recognize them by cutting deals with them for their mineral wealth.
Yeah, that's the ticket...
|
Ah, yes, I almost forgot -- he did say that, didn't he?
I'm sure the professor can offer us a nuanced argument as to why Colorado's legislature and governor would just let all that mineral wealth fly away with nary a concern for the state treasury's lost revenue.
|
|
| 1 user liked this post
|
11-06-2013, 02:43 PM
|
#10
|
Valued Poster
Join Date: Feb 9, 2010
Location: Here
Posts: 14,191
|
welcome to JD's world
the devil is in the details, so ignore the details
|
|
| 1 user liked this post
|
11-06-2013, 03:56 PM
|
#11
|
Valued Poster
Join Date: May 31, 2012
Location: Cypress, Texas
Posts: 413
|
Another "straw man" bites the dust in Colorado. Six of the eleven counties rejected the idea of "exploring" a 51st State on what was a "straw poll" item on the ballot. In the five counties that showed a majority of voters wanted to explore the idea the total vote was 3600 yes and 3000 no......now there is a sizeable majority....6600 voters in five counties....let's see TWO SENATORS and I suppose they would get a REPRESENTIVE. The counties voted in favor of the TAX on STONERS.
|
|
| 1 user liked this post
|
11-06-2013, 03:59 PM
|
#12
|
Valued Poster
Join Date: Dec 30, 2010
Location: CO
Posts: 2,239
|
The tax the Mexican cartels imposed was well over 1000%, 25% seems extremely low for a plant that has been growing wild, all on it's own for thousands of years. All Coloradoan's can grow it for free, and tax free. The Johnny Appleseed's will supply the CO's, the tax is for the tourists and connoisseurs who want the best and have the money to pay for it. There will be billions to be made.
|
|
| 1 user liked this post
|
11-06-2013, 04:16 PM
|
#13
|
Account Disabled
Join Date: Apr 1, 2009
Location: TBD
Posts: 7,435
|
Quote:
Originally Posted by nwarounder
The tax the Mexican cartels imposed was well over 1000%, 25% seems extremely low for a plant that has been growing wild, all on it's own for thousands of years. All Coloradoan's can grow it for free, and tax free. The Johnny Appleseed's will supply the CO's, the tax is for the tourists and connoisseurs who want the best and have the money to pay for it. There will be billions to be made.
|
I think the point was whether or not they are creating a black market. If there are billions to be made, there will be extensive cheating in order NOT to pay the billions.
Can Coloradans actually grow there own? Or is there regulation on that? Because that would defeat the purpose of legalizing and taxing it.
In practicality though, how many Coloradans will actually grow it? You can grow tobacco more easily than pot, yet how many people do that?
And there is a black market for cigarettes (albeit small) created people trying to beat the excise taxes on tobacco.
|
|
| 1 user liked this post
|
11-06-2013, 04:39 PM
|
#14
|
Valued Poster
Join Date: Dec 30, 2010
Location: CO
Posts: 2,239
|
Quote:
Originally Posted by ExNYer
I think the point was whether or not they are creating a black market. If there are billions to be made, there will be extensive cheating in order NOT to pay the billions.
Can Coloradans actually grow there own? Or is there regulation on that? Because that would defeat the purpose of legalizing and taxing it.
In practicality though, how many Coloradans will actually grow it? You can grow tobacco more easily than pot, yet how many people do that?
And there is a black market for cigarettes (albeit small) created people trying to beat the excise taxes on tobacco.
|
Prohibition created the enormous black market, maybe there will be some in CO, like you said, there is a black market for tobacco and alcohol, but on a percentage basis I suspect it will be extremely low and about the same as tobacco and moonshine is now.
And yes, any CO citizen can grow up to 6 plants at a time, with no tax paid. You have to remember the citizens passed it for a few reasons, yes to ingest, but mainly to stop the imprisonment of it's citizens for a victimless crime, not just to make money and collect taxes from it. And of course, medicine even though it was legal, it was regulated much more than now.
As far as billions to be made, you have to consider the versatility of the plant and it's sister (hemp) which is now legal too, which can be turned into paper and textile products, clothing, rope, food (highest protein of any seed), fuel (yes you can power vehicles from it), building materials (hempcrete and insulation and more), automobile panels and composites, organic weed control products, and the list goes on and on and on. And who knows what the next ingenious idea will be spawned, from it's use, now that scientists and engineers can study it with out fear of going to jail. Wasn't just talking about the recreational strain. But you can imagine all the suppliers needed to grow, cultivate and harvest, manufacture, and sell. It gets pretty staggering, very fast.
|
|
| 1 user liked this post
|
11-06-2013, 05:44 PM
|
#15
|
Account Disabled
Join Date: Jun 19, 2011
Location: Dixie Land
Posts: 22,098
|
Quote:
Originally Posted by nwarounder
Prohibition created the enormous black market, maybe there will be some in CO, like you said, there is a black market for tobacco and alcohol, but on a percentage basis I suspect it will be extremely low and about the same as tobacco and moonshine is now.
And yes, any CO citizen can grow up to 6 plants at a time, with no tax paid. You have to remember the citizens passed it for a few reasons, yes to ingest, but mainly to stop the imprisonment of it's citizens for a victimless crime, not just to make money and collect taxes from it. And of course, medicine even though it was legal, it was regulated much more than now.
As far as billions to be made, you have to consider the versatility of the plant and it's sister (hemp) which is now legal too, which can be turned into paper and textile products, clothing, rope, food (highest protein of any seed), fuel (yes you can power vehicles from it), building materials (hempcrete and insulation and more), automobile panels and composites, organic weed control products, and the list goes on and on and on. And who knows what the next ingenious idea will be spawned, from it's use, now that scientists and engineers can study it with out fear of going to jail. Wasn't just talking about the recreational strain. But you can imagine all the suppliers needed to grow, cultivate and harvest, manufacture, and sell. It gets pretty staggering, very fast.
|
Makes sense to me...Texas needs to put it on the ballot.
|
|
| 1 user liked this post
|
|
AMPReviews.net |
Find Ladies |
Hot Women |
|