ST Alpha - ""that a federal tax of $50 per ounce"? That seems excessive, doesn't it? " (Reading a Post)

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In response to "I expect this will go nowhere, but there's going to be a bill introduced to end pot prohibition tomorrow. -- (link)" by Reagen

"that a federal tax of $50 per ounce"? That seems excessive, doesn't it?

Posted by JaxSean (aka JaxSean) Feb 4 '13, 22:15

how much is an ounce? (I think we asked this before. )

Responses:

It's a lot. One ounce is a widely used dividing line between user and dealer -- nm - con_carne Feb 4, 22:29
A bit high for an ounce. The price varies a lot but it could be anywhere from $120 for dirt weed to $400-600 for high end good weed. -- nm - Krusty Feb 4, 22:19 7
- if it happens, I imagine the tax would be similar (as a proportion of the whole) to tobacco, which is ~40% in the US. so if anything, that's low. - mafic Feb 4, 23:14 1
  - It would be counterproductive to tax pot that high, since people have become ersatz experts at growing their own. - con_carne Feb 4, 23:24
- that's comparable to the taxes (state and fed) on booze -- nm - zeitgeist Feb 4, 22:58 2
  - Not really. It would be significanly higher than what the fed and state charge for either alcohol or tobacco. - Krusty Feb 4, 23:10 1
    - And here in NY they want to charge a tax of $4.35 for an ounce of loose tobacco. - Krusty Feb 4, 23:15
- So if it were legal, would the price likely drop? -- nm - JaxSean Feb 4, 22:28 1
  - That's a good question. I don't know enough to have an answer, sorry. - Krusty Feb 4, 23:04

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