You left out one of the biggest cons from that unnamed industry that's in place for all states; none of them are allowed to have a bank account. Originally Posted by FishpieAh, yes, that's true. If prostitution is legalized ONLY on a state level, that could be a problem. Escorts who have accounts now might find them frozen if they started reporting, and credit cards issuers would be very reluctant to process charges knowingly and might cut off existing lines of credit.
Neither. The taxpayer will. More taxable income/goods and services, lower vice costs. Originally Posted by Mythos
Just like that unnamed industry they made legal in Colorado, pros and cons for both.Canada recently legalized at the Federal level and many countries in Europe have legal prostitution ... Even if it were legalized, would you actually "register" with the government as a Provider? I suspect not.
Pros for providers:
No fear of arrest.
Social stigma may disappear.
Will legitimize source of income.
Ladies will be able to advertise openly.
Cons for providers:
Likely will be legislated up the ass, licensed at substantial cost, with heath check "stamps" required.
Competition will increase with the influx of ladies afraid to do it before.
Rates may dip if more choices are openly available, but if "taxed" like cigarettes, prices may be forced up unreasonably.
Providers who were hiding all of their earnings before will have to keep records, shell out taxes, and pay regulatory fees if they go "public."
Pros for clients:
No fear of arrest.
Social stigma may disappear.
Will legitimize how you spent your income.
Additional variety may induce lower rates.
Easier time searching widespread escort ads, and no need to clear the browser history afterward.
The nervous can ask to see a lady's license and current health check "card."
Might be able to deduct "stress-reduction therapy" from taxes with a doctor's note.
Cons for clients:
Your ATF may get all booked up if she advertises and markets herself professionally and widely.
You'll spend more if it's more convenient. (Get that doctor's note.)
Costs may actually rise due to fees, "consumption" taxes, notels raising rates.
Your significant other will STILL beat your ass if she finds out, which might be more likely if public records go along with legalization. Every valid business has to keep books.
Divorce lawyers will see a big upswing in business. (That would be under "Pro" for them.)
Originally Posted by Fancyinheels
Neither. The taxpayer will. More taxable income/goods and services, lower vice costs. Originally Posted by MythosThe taxpayer always loses because he has to pay no matter who or what is included in the tax scheme,,,More Wal-Mart products are bought by soccer moms than whores' time bought by Johns,,,Tax revenue from prostitution isn't going to be all that great in numbers compared to what can be gotten from the average taxpayer,,,No one cares about lower vice costs because the taxpayer is always billed for that. One way or another PoPo is going to find a way to grease its machine which means higher costs for the taxpayer.