The Dirty Dozen: The 12 States That Bet Biggest on Sin Taxes
Sin taxes include tax revenue from tobacco, alcohol and pari-mutuels (or betting, usually on horse racing, dog racing and jai-alai) provided by the State Government Tax Collections survey of the U.S. Census Bureau.
Among tax levies, so-called sin taxes are among the most controversial. Critics argue that adding costs to alcohol, cigarettes, betting on ponies and the like unfairly hurts lower-income people. Proponents say the taxes promote health -- making cigarettes more expensive, for example, thus reducing smoking -- a consequence that seems true, according to many studies. States say they put the revenue to good use, for schools and health-care services.
Here are the dozen states with the greatest percentage of total tax revenue derived from “sin” ranked from least to most. In many cases, the least sinful states (i.e., those with the lowest sin taxes) become meccas for fallen shoppers.
Join the Discussion
After you comment, click Post. You can enter an anonymous Display Name or connect to a social profile.
LATEST FINANCE HEADLINES
Medicaid Managed Care Leaves $1 Billion Hole in California Budget54 minutes ago
Pension Cuts Win Federal Court Support in Chattanooga4 days ago
California Pension System Paid Billions in Private Equity Bonuses5 days ago
3 Things the New Tax Incentive Disclosures Rule Won't Reveal5 days ago
Planned Parenthood Adds Texas to List of States It's Suing5 days ago
Without a Budget, Pennsylvanians May Not Have Much to Be Thankful for This Year5 days ago