Tobacco Tax

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Dictionary Says

Definition of 'Tobacco Tax'

A tax imposed on cigarettes to help pay for healthcare for the state’s poor and contribute to cancer research and smoking prevention and cessation programs. The idea behind the tobacco tax is to try and prevent more children from becoming smokers and persuade adult smokers to quit. 

Also referred to as "cigarette tax".
Investopedia Says

Investopedia explains 'Tobacco Tax'

Between 2002 and 2010, 47 states, Washington, D.C., and several U.S. territories have increased their cigarette tax rates more than 100 times. 

Each state has different prices due to varying state tax rates in addition to different manufacturer, wholesaler, and retailer pricing and discounting practices. More states have tried increasing rates in an effort to decrease the number of teenagers who start smoking and to minimize the illnesses related to smoking and second-hand smoke.

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Search results for

'Tobacco Tax'

  • Paying Uncle Sam: From Tobacco To $1 Trillion

    http://www.investopedia.com/articles/08/US-taxes.asp
    ... Find out how we got from a couple crates of tobacco trillions of dollars Americans
    pay in ... it was no great surprise when they were asked to pay a tax to help ...

  • "Temporary" Taxes That Stuck

    http://www.investopedia.com/articles/tax/10/temporary-taxes-that-stuck.asp
    ... in 1794 by Alexander Hamilton. James Madison opposed the general tobacco
    tax stating it would be a burden to the poorer classes. ...

  • A Concise History Of Changes In US Tax Law

    http://www.investopedia.com/articles/tax/10/concise-history-tax-changes.asp
    ... That is, free of direct taxation like income tax ... These excise taxes on liquor, tobacco,
    sugar, legal documents and so on, betrayed a social agenda as well as a ...

  • Starting A Small Business: Location And Licenses | Investopedia

    http://www.investopedia.com/university/small-business/finding-location-getting-licenses.asp
    ... if your business: Is a corporation or partnership; Has employees; Files
    employment, excise, alcohol, firearm or tobacco tax returns; ...

  • The Unseen Taxes That You Pay Every Day - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0111/The-Unseen-Taxes-That-You-Pay-Every-Day.aspx
    ... effects on the local economy, see The Basics Of Tariffs And Trade Barriers.) Tobacco
    The tax trail for tobacco is similar in some respects to that of gasoline. ...

  • Big Dividends In Big Tobacco

    http://stocks.investopedia.com/stock-analysis/2011/Big-Dividends-In-Big-Tobacco-RAI-BTI-BEN-PM-ITYBY0809.aspx
    ... Big Dividends In Big Tobacco. Posted: Aug ... 11th. Interestingly, it has
    underperformed its tobacco peers in four of the last 10 years. It's ...

  • The History Of Taxes In The US

    http://www.investopedia.com/articles/tax/10/history-taxes.asp
    ... items. The higher the tax, the more likely Americans are to be discouraged
    from consuming tobacco and alcohol. However, because ...

  • High-Yield Stocks Vulnerable To Dividend Tax Increase

    http://stocks.investopedia.com/stock-analysis/2010/High-Yield-Stocks-Vulnerable-To-Dividend-Tax-Increase-MO-RAI-T-VZ-DUK0406.aspx
    ... pre-2001 bracket rates would come into effect by default boosting the tax rate on ...
    Big Tobacco now Tough Business Conditions With current yields in excess of 6.7 ...

  • US Sales Tax Rates Hit Record High - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0310/U.S.-Sales-Tax-Rates-Hit-Record-High.aspx
    ... States have also been raising income tax rates on the wealthyand on
    corporations and boosting excise taxes on alcohol and tobacco. ...

  • Will California Go Bust? - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0609/Will-California-Go-Bust.aspx
    ... including plans to limit state spending, sell bonds backed by lottery proceeds and
    reallocate tobacco tax revenues away from funding children's health. ...

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