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'Sin' tax hikes don't yield long-term revenue spikes | |
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October 23, 2013 While state lawmakers continue to increase "sin taxes" on booze, cigarettes and gambling, revenues from the so-called "sin taxes" aren't keeping pace. At $1.95 billion, the state generated almost the same amount in tax revenue from these vices in 2012 as it did in 2003. "If you don't think this will affect you, it almost always does in the long run because the money almost never comes through like they think it will," one expert said. Source: http://www.dailyherald.com/article/20131023/news/710239934/ |
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