Once you realize that trickle-down economics does not work, you will see the excessive tax cuts for the rich as what they are, a simple upward redistribution of income, rather than a way to make all of us richer as we were told . Ha-Joon Chang, Faculty of Economics, University Cambridge, England, United Kingdom
H&R Block has an interesting infographic on how US Federal Tax Dollars are Spent on Education. 4.8% of the Federal budget is spent on education (seems way too low to me). The infographic breaks down dollars by elementary vs. secondary vs. higher ed, how students pay for college, IDEA, and more. It's interesting to see how the money is spent.
BOSTON - The ballot question to legalize small amounts of recreational marijuana in Massachusetts calls for a tax rate on pot sales that would be lower than several states that have previously legalized the drug. Critics argue the proposed tax structure may not generate enough revenue to cover the regulatory costs associated with marijuana legalization. Question 4 calls for a 3.75 percent excise tax on retail marijuana sales, on top of the state's regular 6.25 percent sales tax. Cities and towns could opt to assess an additional 2 percent tax. Colorado currently imposes a 10 percent marijuana sales tax, a 15 percent excise tax and local sales taxes. Washington state has a 37 percent excise tax.