This is a double hit—most states are totally addicted to cigarette taxes—will crush their budgets.
This is a double hit—most states are totally addicted to cigarette taxes—will crush their budgets.
State tax revenue is $3.9 trillion, tabaco taxes are $19.5 billion. I don’t think it will be much of a dent on state finances for most states.
2021 State Government Revenue:..............$3,975,040,333,000.00
2021 State Tabaco Tax Revenue:.................$19,481,996,000.00
Percent of the Total:.......................................0.49%
Not easy to find this data, but I eventually did. Several sources had some of the info, but not the answers. They were all anti smoking entities. (both numbers comes from the census bureau, but not in the same reports.)
That doesn’t bother me; those cigarette taxes were basically the state profiting from addiction. Maybe the governments can do us a solid and lower them back to the sales tax rate (in Escambia County, FL, that’s 7.5%).
Cue the wrath of the anti-cigarette brigades . . .