How pot taxes stack up to other sin taxes

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Associated Press

Posted on November 1, 2013 at 1:05 AM

Updated Friday, Nov 1 at 1:07 AM

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

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Source: http://www.tax-rates.org

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