3 ms·

30 million people smoke $1.50 per pack tax (1.01 fed, giving high estimate for state taxes) 2 packs a day (high) (30,000,000 x 1%) x (1.5 x 2) x (2 x 365) =

30 million people smoke $1.50 per pack tax (1.01 fed, giving high estimate for state taxes) 2 packs a day (high) (30,000,000 x 1%) x (1.5 x 2) x (2 x 365) = 657,000,000 You'd need 4% to quit to even out.

avelis 3y ago
#TheyDidTheMath
photonerd 3y ago
To add onto this (given the actual numbers of ~11 billion collected) you’d actually need 23.63% to quit to lose the same revenue as you’d save with just 1% quitting. Of course if you had nearly a quarter quit you’d save even more, so…