How much money does the government make off cigarettes

In February , the President signed into law a bill that included a large increase in federal excise taxes on tobacco. The tax increase was designed to help pay for the cost of children's health insurance under the State Children's Health Insurance Program SCHIP.

However, since , revenues have declined. The Congressional Budget Office projects that decline in revenues to continue.

Cost of smoking - Quit Victoria

This is not a surprise; it is a real life illustration of one of the best-known aphorisms of tax policy: For that reason, cigarette taxes aren't a particularly good way to fund programs like SCHIP. The needs of children remain even as revenue from tobacco taxes declines. Join over 30, subscribers!

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Government Gets Hooked on Tobacco Tax Billions - The New York Times

Federal Taxes Individual and Consumption Taxes Income and Payroll Taxes Capital Gains and Dividends Taxes Tax Expenditures, Credits, and Deductions Estate and Gift Taxes Excise and Consumption Taxes Tax Compliance and Complexity. Federal Tobacco Tax Revenues are Declining May 8, Alan Cole. Topics Center for Federal Tax Policy Cigarette and Tobacco Taxes Excise Taxes Individual and Consumption Taxes.

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