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To: Argus

Iowa is just about to implement a $1.00 a pack tax. The Democrats have all the sheeple convinced this will bring in huge amounts of revenue with which they can cure all of mans' ills. At the same time, it will prevent people from smoking.


105 posted on 02/10/2007 10:24:13 AM PST by Conservativegreatgrandma
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To: Conservativegreatgrandma; Argus

Iowa is just about to implement a $1.00 a pack tax. The Democrats have all the sheeple convinced this will bring in huge amounts of revenue with which they can cure all of mans' ills. At the same time, it will prevent people from smoking.

Oh yea, right.  Maine said the same thing too.

Read what Iowa smokers are already contributing to the state ecomomy:

Tobacco Taxes and Payments for Iowa

Iowa's excise tax per pack of cigarettes: $0.360
Iowa's excise tax collection for the fiscal year ending June 2005: $89,210,000
 
Sales tax on tobacco products: 5.00%
Tobacco products sales tax collection for the fiscal year ending June 2005: $40,331,000
Local tax on tobacco products: $0
Federal excise tax per pack of cigarettes: $0.39
Total federal excise tax collections in fiscal year 2005: $7,778,569,117
Click here for the Cigarette Tax and Payment Table for all states.

Master Settlement Agreement Payments Received

$355,160,986 has been paid to Iowa through Fiscal Year 2005 since the Master Settlement Agreement was signed on November 23, 1998.

*Payment amounts based on figures from "The Tax Burden on Tobacco" Volume 40, 2005 by the economic consulting firm of Orzechowski and Walker.

 

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160 posted on 02/10/2007 11:34:15 PM PST by SheLion (When you're right, take up the fight!!!!!)
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