Tag: ‘Washington State’

Just the Facts, Ma’am: On Filing and Reform

By :: March 30th, 2015

Congress is in recess and the Daily Deduction will post Mondays until it reconvenes. We’ll be back to our regular schedule on April 13.  With just over two weeks till Tax Day, Treasury wants to clarify Affordable Care Act tax facts. It released fact sheets on common exemptions from the individual mandate, such as a […]

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Why Legal Marijuana is a Good Argument for Tax Reform

By :: August 20th, 2013

“Marijuana Industry Eager to Pay Taxes – and Cash in on Deductions” That was the headline for a story written by Rob Hotakainen of McClatchy Newspapers the other day. In less than a dozen words, it describes much of what’s wrong with the federal tax system.  And in an odd way it helps explain why […]

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Dude, Should Marijuana Be Legalized and Taxed?

By :: December 6th, 2012

Starting today, it is legal to smoke marijuana in Washington State. That got me thinking: Could taxing stoners help balance state budgets? The answer is yes, but it wouldn’t help much. One 2010 study, done for the libertarian CATO Institute, figures legalizing and taxing weed would increase state tax revenues by about $9 billion a […]

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