Excise Taxes

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Marketwire  Jul 21  Comment 
ST. LOUIS, MO -- (Marketwire) -- 07/21/09 -- The Coalition Against Discriminatory Car Rental Excise Taxes -- which includes car rental and car-sharing companies as well as travel industry, consumer, limousine and truck leasing organizations -- today
Zero Hedge  Jul 10  Comment 
Looking at historical data always gives a great sense of perspective (in this case, table 2.1 from the White House site). The graphic below represents the remarkable increase in spread between individuals and corporations when it comes to the...
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This is the total amount paid in Cigarette excise taxes in a given period.

In the U.S., tobacco products and especially cigarettes are often taxed at both the federal and state levels. The aim of the tax is both to raise government funds and to discourage smoking, especially among minors. However, raising excise taxes isn't always bad for cigarette companies--Philip Morris is one example of a company that took advantage of tax increases in Japan to spike prices above the level of the tax increase, using the tax as an excuse to raise profit margins [1]. (Altria's official policy states that it is in favor of increased governmental regulation of cigarettes.)

Critics of the excise tax cite its flat nature--because all smokers must pay the same amount of tax in the price of each pack of cigarettes, impoverished smokers are hit hardest and feel the tax's effects most.

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