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tax revenue

Opioid crisis cost US government nearly $38 billion in lost taxes

The opioid epidemic may have cost US state and federal governments as much as $37.8 billion in lost tax revenue, according to researchers from Pennsylvania State University.

Opioid related loss of employment cost the government billions in lost tax revenue between the years 2000 and 2016, the research says.

The state of Pennsylvania was found to be one of the biggest losers, having lost around $638.2 million in income and sales taxes, the study published in the journal Medical Care says.

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