Marijuana tax take nearly double expected in Colorado

Re:Marijuana tax take nearly double expected in Colorado by chipgap98 on Wednesday September 16, 2015 @03:41PM (#10229262)

Marijuana has an incredibly high tax in Colorado. IRC its like 25%

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Re:Marijuana tax take nearly double expected in Colorado by moonchrome on Wednesday September 16, 2015 @04:04PM (#10229442)

25% incredibly high ? Some European countries have higher VAT than that :(

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Re:Marijuana tax take nearly double expected in Colorado by gingerlime on Wednesday September 16, 2015 @05:29PM (#10230043)

nitpick, but I think only one country has higher VAT rate than 25% - Hungary with 27%

source: https://en.wikipedia.org/wiki/European_Union_value_added_tax

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Re:Marijuana tax take nearly double expected in Colorado by moonchrome on Wednesday September 16, 2015 @06:24PM (#10230379)

Fair enough - there are several countries that have 25% (my country included) so I should have said >=

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Re:Marijuana tax take nearly double expected in Colorado by chipgap98 on Wednesday September 16, 2015 @05:08PM (#10229879)

Is that a reasonable metric in this case? I'd be more interested in the tax other countries have on marijuana/alcohol

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Re:Marijuana tax take nearly double expected in Colorado by moonchrome on Wednesday September 16, 2015 @06:32PM (#10230422)

Considering those get taxed on top of VAT and are even higher in my country (it's not a % tax but a fixed number per defined unit but it comes down to ~30% post VAT on tobacco products for eg.) and AFAIK US has no VAT (maybe I'm wrong ?) I wouldn't call 25% tax incredibly high.

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Re:Marijuana tax take nearly double expected in Colorado by chipgap98 on Friday September 18, 2015 @08:59AM (#10238890)

In the US, that would be an incredibly high tax

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Re:Marijuana tax take nearly double expected in Colorado by aianus on Wednesday September 16, 2015 @05:57PM (#10230174)

Hahaha the tax on alcohol in Ontario is over 100%. Cigarettes are something like 200%-300%.

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