Tobacco tax story

[JoeRoss]

The ads on TV said it would tax - vaping, and go to fund pre-schools.
Did not say anything about increasing the tax on cigarettes, or where else the money could be spent.
You know that most people do not actually READ the proposed bill, they just go by what they see on TV.
It was on TV, it must be the truth.
The money can be spent on, rural schools, preschool funding, tobacco education programs, housing and health care.
How is housing and health care tied into pre-schools?
And how much of the money is ACTUALLY going to filter down to the pre-schools? WHENEVER that happens.

I hope the people that smoke cigarettes (and the rest) that voted to have the government screw us EVEN MORE are happy.
No telling where the funds are actually going to go, it is written into the bill, as usual.


The actual tax breakdown goes something like this....


Increase the per-cigarette tax to:
6.5 cents on January 1, 2021
8 cents on July 1, 2024
10 cents on July 1, 2027
Increase the statutory tobacco products tax from 20% of the manufacturer's list price (MLP) to:
30% of MLP on January 1, 2021
36% of MLP on July 1, 2024
42% of MLP on July 1, 2027
Establish a new tax on nicotine products as follows:
50% of MLP on January 1, 2021
56% of MLP on July 1, 2024
62% of MLP July 1, 2027
Establish separate tax rates (50% of the statutory tax rate) for ?modified risk? tobacco products
Establish a minimum tax for moist snuff tobacco products:
$1.48 per 1.2-ounce can on January 1, 2021
$1.84 per 1.2-ounce can on July 1, 2024
$2.26 per 1.2-ounce can on July 1, 2027
Create an inventory tax on all stamped cigarettes and unaffixed stamps in a wholesaler or wholesale subcontractor's possession or control at the time of a tax increase occurring after January 1, 2022

With these changes, the minimum price for a 20-pack of cigarettes will be $7 as of January 1, 2021, and $7.50 as of July 1, 2024.

[ray1970]

Hmm. I get my nicotine products online from an out of state source. I?ll have to look and see if this gets me around any new state taxes.

[whitewalrus]

I quit smoking in the early '90s. When I heard how much a pack was today, I was like "That's not much less than I paid for a full carton back in the day."

I'm not sure how people can afford that habit.

Then again, I don't understand people that have a $5 per cup Starbucks habit either.

$5 is pretty low for the coffee places, most I know are dropping closer to $10 on their drink of choice.

Maybe they can afford to smoke as they don?t have an ammo habit like most on this board


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[ray1970]

Nope. Just placed an order and they tacked on some sort of $10 excise tax. Looked through my order history and this wasn?t charged to me on previous orders.

Oh well. At least my addictive product even with the taxes is only $2.87 a can. Could be worse I guess. And I am always free to quit whenever I want.

[Irving]

I doubt many smokers voted yes on this bill. Non-smokers don't care.

[Delfuego]

It's simply a poor people tax. Poor people don't have lobbyists. Easy pickins...
I am curious how much better all the roads and schools are now with all the MJ taxes?

[Hummer]

I doubt many smokers voted yes on this bill. Non-smokers don't care.

It's simply a poor people tax. Poor people don't have lobbyists. Easy pickins...
I am curious how much better all the roads and schools are now with all the MJ taxes?

I've never smoked and don't like it but I didn't vote for the recent or any tobacco related tax. Same for MJ and alcohol taxes as well as food taxes. All are restrictions on freedom of choice (or necessity with food tax) that tend to prey on the poor or uneducated by elitists who believe they have the right and privilege to take from others to benefit themselves.

[CS1983]

I wonder if this applies to nicotine lozenges marketing as quit smoking aids?

[Irving]

I've never smoked and don't like it but I didn't vote for the recent or any tobacco related tax. Same for MJ and alcohol taxes as well as food taxes. All are restrictions on freedom of choice (or necessity with food tax) that tend to prey on the poor or uneducated by elitists who believe they have the right and privilege to take from others to benefit themselves.

I vote the same way, as I'm sure many others do, but I'm sure that even more people do not.

[ray1970]

I wonder if this applies to nicotine lozenges marketing as quit smoking aids?

I am guessing yes. It apparently applies to similar nicotine products. They have basically extended tobacco taxes to non-tobacco products that contain nicotine.