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(Image from article: "Cash-Strapped States Turn to Sin Taxes")

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Cash-Strapped States Turn to Sin Taxes

In a recession, state lawmakers are taxing personal vices. It’s good for you, they say, but it’s really better for their budgets.

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Taxing Pot Would Generate $1.4 Billion in California

President Obama, Governor Schwarzenegger and other esteemed politicos may routinely distance themselves from the potential windfall that would accompany legalizing and taxing cannabis, but amid California's latest and deepest financial crisis the state Board of Equalization has tagged a whopping revenue figure to such a notion.

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