This is more likely to increase tobacco smuggling than revenue...
CHICAGO • Taxes on cigarettes sold in Cook County are going up by one dollar a pack.
Cook
County Board President Toni Preckwinkle says the tax, which takes
effect Friday, is expected to generate more than $25 million annually
for the Cook County Health and Hospitals System.
She says higher taxes also will help lower smoking rates, including by discouraging people from starting.
The
price of a pack of cigarettes could be near $11 in Chicago, $6.67 of
which is city, county and state taxes. Only New York City -- at $6.86
in taxes -- slaps on higher taxes.
1 comment:
So raise the taxes,to generate revenue, and decrease the rate of smoking, meaning fewer people smoke, thus reducing the amount of taxes raised. So when a program comes to depend on the collection of a tax and the amount goes down, another tax will have to be raised. Soooooooo very smart.
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