Topic: Taxes on Tobacco Products
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Answers to Common Questions
What is the purpose of the tax on tobacco and alcohol products?
All taxes have one purpose, and sometimes two. The primary purpose of a tax is to raise revenue, and the secondary is to attempt to restrict the sale of, or access to, something by making it more expensive. Taxes on alcohol and tobacco are ... Read More »
Source: http://wiki.answers.com/Q/What_is_the_purpose_of_the_tax_on_tobac...
How Much is Tax on a Product?
Sales taxes vary from state to state and city to city. Alaska, Delaware, Montana, New Hampshire, and Oregon are the only states without a tax. Websites online can give you the exact numbers per state. For more information, look here: http:/... Read More »
Source: http://answers.ask.com/Society/Government_and_Law/how_much_is_tax...
What is the Tobacco Tax?
Tobacco products are taxed at both the state and the federal level. In 2009, because of a national economic crunch, the federal government steeply increased the tax on these products nationwide, while several states did the same locally. If... Read More »
Source: http://www.ehow.com/about_6120531_tobacco-tax_.html?ref=Track2&...
More Common Questions
Answers to Other Common Questions
This will depend on what state you live in, as to what your tax rate is. Let's assume your sales tax rate is 6%. If you are buying a $25 item, you will multiply that by .06 which equals $1.50. Add this to your original price, giving you a t...
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Source: http://answers.ask.com/Business/Finance/how_do_you_calculate_tax_...
to raise money for the gov't
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Source: http://wiki.answers.com/Q/What_is_the_main_purpose_of_federal_tax...
As of 2009, the federal excise tax on a pack of cigarettes is $1.01. This tax money goes to fund the State Children's Health Insurance Program (SCHIP). The U.S. Department of Health and Human Services administers the SCHIP. The U.S. Congres...
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Source: http://www.ehow.com/about_5526865_tobacco-tax-money-go.html
The renewable energy production tax credit is a tax credit that businesses creating electricity using renewable energy technology can apply to their income tax returns. The tax credit is referred to as a production tax credit because the cr...
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Source: http://www.ehow.com/about_7329972_production-tax-credit_.html
As of 2009, the federal excise tax on a pack of cigarettes is $1.01. This tax money goes to fund the State Children's Health Insurance Program (SCHIP). The U.S. Department of Health and Human Services administers the SCHIP. The U.S. Congres...
Read More »
Source: http://www.ask.com/Q/why-do-people-say-governments-tax-tobacco-to...
1) Revenue. It's used to rape the middle class of it's earnings. The government knows how addictive nicotine is, and saw it as an amazing business move.
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Source: http://wiki.answers.com/Q/What_is_the_tax_on_tobacco_used_for
choing backer is wors
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Source: http://wiki.answers.com/Q/Which_tobacco_product_is_the_worst
