Posts tagged: federal excise tax

What would a smoke-free America cost the government?

Tweet New York Mayor Michael Bloomberg and others in the anti-tobacco movement are working to turn America into a land without smokers. But what would an America without smokers look like? Leaving aside the fact that more than 20 percent of Americans would be gone (or, more likely, extremely irritable), cigarettes bring in significant revenues for state and federal government. In Fiscal Year 2010, the federal excise tax on cigarettes (currently $ ... Jump to full article >>