Legalizing Prostitution Home Run Or Strikeout - 1266 Words

Winson Liang and Domenic Stallone May 1, 2017 Economics Professor Terregrossa Legalizing Prostitution: Home Run or Strikeout? Worldwide the prostitution industry is worth $186 billion. In the United States the industry is worth $14.6 billion, and is known as one of the oldest â€Å"trades† practiced today. However, since prostitution is illegal the conditions for the workers are usually horrible, with many of them contracting STDs and being treated terribly by their bosses. So what would happen if we legalize prostitution? In the United States, the federal corporate tax is anywhere between 15% to 35% (before Trump’s tax policy goes into place) and the state tax can be anywhere from 0% to 10%. Therefore, the minimum the government would make†¦show more content†¦Sex trade in America is a thriving and growing business, in Atlanta the income from this illegal misadventure brought in $290 million, while Miami came in second with $235 million and the nation’s capital, Washington D.C., at third with $103 million. The â€Å"pimps† who run the sex trade draw in around $30,000 ev ery week. Alan Dershowitz told the Wall Street Journal, â€Å"In this case, they wiretapped 5,000 phone conversations, intercepted 6,000 emails, used surveillance and undercover tactics that are more appropriate for trapping terrorists than entrapping Johns,† by legalizing prostitution police forces across the country can save time, money, and effort away from prostitution crimes and more focus on more serious issues. Prostitution is a product someone would actually purchase, in a study in 2012 10% of the male population of the United States said that they have paid to have sex with a prostitute, and in the United States 14.6 billion dollars are spent on the 1 million prostitutes operating. Legalized prostitution can be a source of tax revenue. While brothels in Nevada pay no state taxes, they pay significant amounts of tax to the rural counties where they do business, according to The New York Times. (Nevada Republicans blocked a plan a couple of years ago to subject brothel s to state taxes, as they didn t want schools and other state services funded