Friday, April 20, 2012

Federal Tax Hike Drives Roll-Your-Own Smokers To Pipe Tobacco

Federal Tax Hike Drives Roll-Your-Own Smokers To Pipe Tobacco

So how much has this tax-avoidance-by-substitution cost Uncle Sam? The GAO estimated that the shift to pipe tobacco and big cigars means the fed has realized somewhere  between $615 million and $1.1 billion less in taxes than if the product mix hadn’t changed.


Funny that.
The law of unintended consequences strikes again.

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