Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
(AP) - Marijuana is newly legal in Colorado and voters are deciding next week how to tax it. How do state pot taxes compare to other so-called "sin taxes," charges on goods deemed unnecessary or even harmful?
MARIJUANA: Colorado voters are considering 25 percent taxes, including a 10 percent sales tax and a 15 percent excise tax, in addition to regular sales taxes.
BEER: 8 cents per gallon
WINE: $2.28 per gallon
LIQUOR: $2.28 per gallon
CIGARETTES: 84 cents per 20 cigarettes
CANDY/SODA: Candy and soda in Colorado are subject to 2.9 percent state sales taxes, plus additional local sales taxes
___
Source: http://www.tax-rates.org
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
