With all the marriages taking place, the country would make quite a bit of money. In the first year that gay marriage was legal in New York City, the city reaped $259 million, due to license fees and wedding-related spending, according to CNNMoney. Imagine how much money Kentucky would earn. Marriage makes people more financially stable and less likely to qualify for government assistance, Bloomberg reports. Therefore, legalizing same-sex marriage would save the government hundreds of millions per year in welfare funding, according to Bloomberg's Josh Barro. A recent study from the Williams Institute at UCLA estimated that same-sex weddings would boost the economies in Maine, Maryland and Washington by $166 million over the next three years. Legalizing same-sex marriage would bring in between $20 million and $40 million more per year in taxes, according to a December paper from University of Michigan economist Adam Stevenson. A study found that consumer spending on same-sex weddings could total $2,537,757,118 if the unions are legal throughout the U.S.
With all the marriages taking place, the country would make quite a bit of money. In the first year that gay marriage was legal in New York City, the city reaped $259 million, due to license fees and wedding-related spending, according to CNNMoney. Imagine how much money Kentucky would earn. Marriage makes people more financially stable and less likely to qualify for government assistance, Bloomberg reports. Therefore, legalizing same-sex marriage would save the government hundreds of millions per year in welfare funding, according to Bloomberg's Josh Barro. A recent study from the Williams Institute at UCLA estimated that same-sex weddings would boost the economies in Maine, Maryland and Washington by $166 million over the next three years. Legalizing same-sex marriage would bring in between $20 million and $40 million more per year in taxes, according to a December paper from University of Michigan economist Adam Stevenson. A study found that consumer spending on same-sex weddings could total $2,537,757,118 if the unions are legal throughout the U.S.