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Tobacco tax does not make or break any budget, at least not where I live. It is also taxed with the intention of reducing sales, which in turn reduces tax incom
by syoc 5y ago
Tobacco tax does not make or break any budget, at least not where I live.
It is also taxed with the intention of reducing sales, which in turn reduces tax income. This is also by large the result.
- fennecfoxen 5y agoHeard of tobacco bonds? Financed with securitized tobacco revenues? While many of these are tobacco-settlement more than tobacco-taxes, they've done more to break budgets than to make them. https://www.propublica.org/article/how-wall-street-tobacco-deals-left-states-with-billions-in-toxic-debt https://www.propublica.org/article/how-wall-street-tobacco-d...