The Cellar - View Single Post - Marijuana use legal, Feds will not prosecute

xoxoxoBruce · 01-04-2014, 01:28 PM

Because the Lion's share of federal revenue came from alcohol, before the Volstead Act could be passed the Personal Income Tax had to be instituted to take up the slack. Of course when prohibition was repealed the Income Tax wasn't.

I wonder just how long the Fed and States can resist the lure of tax revenues of biblical proportions. Were talking 20% in CO.

01-04-2014, 01:28 PM	#50
xoxoxoBruce The future is unwritten Join Date: Oct 2002 Posts: 71,105	Because the Lion's share of federal revenue came from alcohol, before the Volstead Act could be passed the Personal Income Tax had to be instituted to take up the slack. Of course when prohibition was repealed the Income Tax wasn't. I wonder just how long the Fed and States can resist the lure of tax revenues of biblical proportions. Were talking 20% in CO. Attached Images __________________ The descent of man ~ Nixon, Friedman, Reagan, Trump.