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The Journal Gazette

Friday, November 01, 2013 2:05 am

How pot taxes stack up to other sin taxes

The Associated Press

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