Recent tax articles

Posted May 8, 2009

Earlier this year, smokers around the country were hit with a 61.1 cent increase in the federal tax on cigarettes.  Combined with state and local taxes, packs of cigarettes in some areas now cost $10 or more.  Some officials say that in addition to raising much-needed revenue, higher prices will cause more smokers to kick the habit.  Based on an analysis of sales of over-the-counter smoking cessation products such as nicotine gum, patches and lozenges, Nielsen found that high prices may indeed prompt some smokers to try to quit.
For the …

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