They don't want to make drugs legal,but will let you pay a tax if you sell them.
Spitzer wants to implement something like this in NY.
More than a half-dozen states have a tax on narcotics and other controlled substances. Theoretically, a drug dealer in North Carolina can go to the state revenue office and get a tax stamp for $50 per gram for cocaine over 7 grams (the first 6 grams are tax-free). A moonshiner could get a stamp for $1.28 per gallon of mash.
Then the dealer or the moonshiner can walk away _ the law prohibits snitching on anyone who buys the stamps _ with proof he paid his debt to the tax department.
The idea is that a peddler, even one who sells illegal substances, should pay taxes. But in reality the revenue is only collected after arrests, when dealers are slapped with a tax bill.
"The only folks we have buying those stamps are stamp collectors," said Kim Brooks, spokeswoman for the North Carolina Department of Revenue.
In New York, which faces a $4.4 billion deficit, Gov. Spitzer likes the idea.
In his budget proposal to the Legislature last week, he promised $17 million in revenue from it. He also wants to require Internet giants such as Amazon.com to collect tax on an estimated $47 million in sales to New Yorkers, who are currently on an honor system to report on their tax returns how much they spend online.
Three recent reports predicted states will feel the pinch of the economic downturn. Nearly half are projecting a budget shortfall within the next two years.
A few states such as Maryland still raise money the old-fashioned way _ by increasing broad-based taxes. Maryland raised taxes by $1.4 billion in November, but it is also considering legalizing slot machines to pay for health care.
New York's fiscal year starts April 1, and typically deals with such problems ahead of most states, where the budget goes into effect on July 1.
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RE: They don't want to make drugs legal,but will let you pay a tax if you sell them.
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A few states such as Maryland still raise money the old-fashioned way _ by increasing broad-based taxes. Maryland raised taxes by $1.4 billion in November, but it is also considering legalizing slot machines to pay for health care.
Yes and mny of those folks have choosen to leave the liberal state of Md because we were so over taxed.
Sounds like a good idea to me. However, I would go farther and legalize it ll and tax it. Let's face it, you can get what ever drug you want with in a day or so. Why not bring it out of the shadows and make revenue on it?
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John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
RE: They don't want to make drugs legal,but will let you pay a tax if you sell them.
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ORIGINAL: Aught Six
I have a better idea to raise state revenues: sell seized drugs at auction.
Something tells me they would still run the program with adeficit.
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John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
They don't want to make drugs legal,but will let you pay a tax if you sell them.
