Facts & Figures 2024: How Does Your State Compare?

Taxes

Compare Tobacco Tax Data in Your State

In the United States, tobacco is taxed at both the federal and state and sometimes even local levels. These layers of taxes often result in very high levels of taxation—the highest of any consumer item. The retail price of cigarettes, for instance, is more than 40 percent taxes on average. In some states, like Minnesota and New York, more than 50 percent of the price paid by consumers comes from taxes.

2 min read

Articles You May Like

GameStop, AMC rallies like ‘watching a sitcom on repeat,’ expert says. Here are the risks to monitor
So-Called Strategic Tariffs Are Still Tariffs—and Still Protectionist
Mercedes-Benz workers in Alabama vote against UAW union membership
Op-ed: There’s a potential tax increase coming. Here’s what you need to know
Tesla’s Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000