Proportion of Taxes in Cigarette Prices
While the price of cigarettes has continuously increased since 1965, the percentage of that price going towards taxes is now half of what it was then. While tobacco companies complain about the $1.01 cigarette tax, Phillip Morris, Reynolds American, and Lorillard have all increased their prices by almost $1.00 per pack on their own. Phillip Morris currently lists all taxes, including federal, state, local, and sales taxes, as 56.6% of the total cost of a pack of cigarettes.
Read more about this topic: Cigarette Taxes In The United States
Famous quotes containing the words proportion of, proportion, taxes, cigarette and/or prices:
“Consider well the proportion of things. It is better to be a young June-bug than an old bird of paradise.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
“No; truth, being alive, was not halfway between anything. It was only to be found by continuous excursions into either realm, and though proportion is the final secret, to espouse it at the outset is to ensure sterility.”
—E.M. (Edward Morgan)
“The prairies were dust. Day after day, summer after summer, the scorching winds blew the dust and the sun was brassy in a yellow sky. Crop after crop failed. Again and again the barren land must be mortgaged for taxes and food and next year’s seed. The agony of hope ended when there was not harvest and no more credit, no money to pay interest and taxes; the banker took the land. Then the bank failed.”
—Rose Wilder Lane (1886–1968)
“The river’s tent is broken; the last fingers of leaf
Clutch and sink into the wet bank. The wind
Crosses the brown land, unheard. The nymphs are departed.
Sweet Thames, run softly, till I end my song.
The river bears no empty bottles, sandwich papers,
Silk handkerchiefs, cardboard boxes, cigarette ends
Or other testimony of summer nights.”
—T.S. (Thomas Stearns)
“The earth only has so much bounty to offer and inventing ever larger and more notional prices for that bounty does not change its real value.”
—Ben Elton (b. 1959)