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California

IbogaProject

(4,583 posts)

9. My comment was about all use taxes

Reply to MichMan (Reply #8)

Thu Feb 3, 2022, 10:15 PM

Feb 2022

It wasn't to suggest this remedy just for cannabis businesses, which are currently covered under IRS section 280E https://www.benzinga.com/markets/cannabis/20/09/17630566/irs-greenlights-tax-loophole-for-cannabis-businesses I was refering to how states use these things and a myriad of fees and surcharges to avoid simply having an income tax. I was suggesting one single National income and property tax overall for everyone to fund both the federal government and to fund the individual state and local governments. That way all states get their cut and don't compete on a race to the bottom with varying taxes.

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California's legal cannabis market is 'on the brink of collapse.' Can the governor help? [View all] mahatmakanejeeves Feb 2022 OP

Strange to read. I do wonder about the expenses of cash handling underpants Feb 2022 #1

Up in WA and OR marijuana stores are increasingly robbed. captain queeg Feb 2022 #3

It can't be that hard to track and figure out their system. underpants Feb 2022 #4

A lot of them have video surveillance. It seems like the minimum that they all should do. captain queeg Feb 2022 #5

The logistics are interesting underpants Feb 2022 #7

The government should just say, "Fuck it." Drop all regulation and let the free market 3Hotdogs Feb 2022 #2

Two part, state and federal IbogaProject Feb 2022 #6

Just how would a national property tax get taxes paid by the illegal marijuana business ? MichMan Feb 2022 #8

My comment was about all use taxes IbogaProject Feb 2022 #9

What states would ever agree to cede all state & local taxing authority to the federal government ? MichMan Feb 2022 #10

How we fund education needs reform IbogaProject Feb 2022 #11