Revenue



D.C. Banks on Marijuana Sales Tax Revenue

November 22, 2010

The sales tax extension on medical marijuana passed by D.C. Council earlier this year is estimated to bring in more than $400K over the next four fiscal years. The tax covers all weed sold in the metropolitan area. These user will … Continued




Sales Tax Revenues now exceed other state tax revenues

March 11, 2010

From Forbes magazine: “Nationally, sales taxes in 2008 generated more revenue for state and local governments–about $450 billion, a recent Government Accountability Office report suggests–than did either property taxes ($411 billion) or personal income taxes ($310 billion).”