cigarettetax

Inhale... Finesse the filter on the tips of your fingers like a freshly-peeled grape... Now exhale and watch the plume twist and curl like outline of a nubile feminine figure... Smoking is sexy. No matter how you respond to that assertion, the majority of young people who initially reach for a...

Today the largest increase in the federal tobacco tax of all time is going into effect -- what used to be 39 cents per pack will now be $1.01 per pack. It won't exactly pay the tab of the stimulus package, but it's probably the most palatable to the average Joe. Typically the easiest...

A few weeks ago, I wrote a post in which I mentioned New York's plans to raise taxes on cigarettes. Well, the bill passed, and cigarettes are now $9 a pack in New York City. While this is sure to increase tax revenue in the short run, it's not hard to see how it will backfire. The first negative...