enthalpy

enthalpy

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Tuesday, March 31, 2009

Posted 3/31/2009 05:32:00 PM by Douglas

Why do cigarettes now cost as much as crack?

The new taxes, meant to increase funding for the federal State Children’s Health Insurance Program, are rising dramatically. Now, federal taxes on a packet of rolling tobacco will be about $1 instead of 4.5 cents.

Taxes on cigarettes also will go to a little over $1 from the current tax of 39 cents. Chewing tobacco will be taxed at 11.3 cents per can instead of the previous 4.4 cents.

That’s all on top of existing state taxes — in Texas, $1.41 per cigarette pack for the last two years.

A typical pack of cigarettes will cost about $7 in Texas after the tax takes effect. As of today a pound of rolling tobacco will cost $60 instead of the current $15.99 at Tobacco Outlet in West Houston.

Relax, everyone, your government knows what's best for you.

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