| Should tobacco be outlawed? |
| Yes |
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0% |
[ 0 ] |
| No |
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100% |
[ 7 ] |
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| Total Votes : 7 |
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| Author
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Post |
 
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FlintConservative
F L I N T O I D
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For the fiscal year ended 9/30/07, excise taxes on tobacco products generated $1,129,226,000 in revenue for the State coffers.
http://www.michigan.gov/documents/budget/g8a_220578_7.pdf
At $2.00 per pack, that equates to about 564,613,000 packs of smokes. At roughly $5.00 per pack, that generates an additional $169,383,900 in sales tax receipts.
Smokers generate almost $1.3 BILLION in taxes just in Michigan.
By way of comparison, the Michigan Lottery (another voluntary tax, this one on people who are bad at math) generated just under $750 million for the same year.
http://www.michigan.gov/documents/lottery/BSL-L-AR2007_220077_7.pdf
Another sin tax, on beer, wine & liquor, generates less than $160 million per year.
Motor vehicle registration fees? Less than $875 million.
(Note also that these figures do not include the windfall from tobacco company settlements.)
As a former smoker (I quit only because I couldn't stand DONATING my hard earned dollars to the government), I think it's time we recognized these people for the generous souls that they are and quit treating them as social outcasts. |
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Sun May 25, 2008 8:31 am |
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andi03
F L I N T O I D
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| You're welcome. |
_________________
Build a bridge and get over it! |
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Sun May 25, 2008 8:38 am |
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twotap
F L I N T O I D
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Hack it up some Lib needs the taxes.  |
_________________
"If you like your current healthcare you can keep it, Period"!!
Barack Hussein Obama--- multiple times. |
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Sun May 25, 2008 8:40 am |
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