sin tax

Texas Ranks as a Leading State for Collecting Sin Taxes
Texas Ranks as a Leading State for Collecting Sin Taxes
Texas Ranks as a Leading State for Collecting Sin Taxes
All of the drinking and smoking indiscretions of Texans have become a multi-billion dollar business, as a recent report indicates that the state’s sin tax revenue has risen over 107 percent within the last decade. According to Bloomberg, while Texas takes pride in low personal income tax and overall tax rates, taxes on alcohol by itself generated about $930 million in revenue in 2012 – that’s 42 p