Cyber Monday Means Loss of Revenue for States and Many Businesses

November 29, 2010

Cyber Monday may mean loss of much needed revenue for states and brick-and-mortar retailers.

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 pay $350 a month for an ounce of pot, which is anticipated to bring in […]

Colorado Springs Discovers Fountain of Green From Sales Taxes on Medical Marijuana

June 22, 2010

Probably a little too much of the green on da blog as of late, but we just couldn’t let this nugget  vaporize without sparking a little light on the subject. Sales tax revenues on Medical Marijuana in Colorado Springs, CO have mushroomed 1000% in the first third of 2010.

Suffolk County New York Sees Sales Tax Revenues Cut in Half.

June 15, 2010

Well, we know that sales tax compliance can be a tricky sport to master.  And we know that sales tax collections in general have been down some as the economy re-sets itself. And we sure know that localities and states are desperate for revenues. In this story, all these factors come together.  And its kinda funny, if […]

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).”

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