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The subsidies were to be generated from taxes on the processing of the commodities.
Nearly 10% of the state's revenue is generated from taxes on or profits from harmful products.
But should your personal opposition to pot really require us to uphold a status quo of prohibition that results in one marijuana arrest every 40 seconds in the U.S., costs the nation between $10 billion and $40 billion a year and deprives state and federal governments the tremendous revenue generated from taxes on legal weed?
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"Obviously, there is the ability to better utilize monies generated from tax abatements for such things as affordable housing and inner-city commercial development," Mr. Doherty said.
Basically, officials concluded that all the money generated from taxing the drug and regulating its safe production outweighed any potential health risks.
Michigan rounds out the list in ninth place with 3.4% of annual revenue generated from taxing behaviors deemed harmful to society.
The city has so many bureaucrats that its payroll alone consumes almost all the money generated from local taxes.
Revenue generated from health taxes on betel nuts and alcoholic beverages could be transferred to the National Health Insurance reserve fund or used to defray the cost of betel nut and drinking control measures.
In contrast, Representative Paul D. Ryan of Wisconsin, in the House Republican budget, insisted that any money generated from curbing tax expenditures must be offset with lower tax rates, so that overall revenue remained the same.
One study, for example, found that a revenue-neutral carbon tax (in which 100% of the revenue generated from the tax is rebated to taxpayers) would be modestly beneficial for the economy without even accounting for the economic benefits of reducing climate damages.
The jump in total tax contribution was driven by increases in the amount generated from corporation tax, up by nearly 41 per cent to £7.6 billion.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com