Colorado Information
Tobacco Taxes
Colorado's excise tax per pack of cigarettes: $0.200
Colorado's excise tax collection for the
fiscal year ending June 2002: $58,518,000
Sales tax on tobacco products: 2.90%
Federal excise tax per pack of cigarettes: $0.39
Total federal excise tax collections in fiscal year 2002: $7,512,700,000
Number of six-packs of beer that must be sold in Colorado to produce the same state excise tax revenue generated by one carton of cigarettes: 44.4
Number of bottles of wine that must be sold in Colorado to produce the same state excise tax revenue generated by one carton of cigarettes: 36.1
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Colorado Smokers' Contributions to the State Economy - FY2002
In 2001, Colorado smokers comprised only 22.3%1 of the adult population in the state. Here is what they already pay because they choose to buy a legal product:
Smokers Pay Excise Taxes2
$ 58,518,066
Smokers Pay Tobacco Settlement Payments3
$ 97,988,866
TOTAL $ 156,506,932
30.6% of Colorado smokers had household income LESS THAN $25,000
16.4% of Colorado smokers had household income EQUAL TO or GREATER THAN $75,000
The impact of smoker payments on the incomes of working families was more than THREE TIMES the impact on higher income smokers. Those who can afford it least pay
That's because smokers are less educated and younger than non-smokers. It figures that they would make less money. As people get smarter and wiser with age they are less likely to smoke.