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Friday, 24 June 2011

Do Smokers Know How Much They Spend on Cigarettes?

If you think your cigarettes are getting even more expensive, you're right. In the past 10 years, 47 states and the District of Columbia have implemented 105 cigarette tax rate increases. (In contrast, Missouri and North Dakota haven't raised cigarette taxes since 1993, while California last hiked them up in 1999.)

According to the Campaign for Tobacco-Free Kids, states currently charge an average of $1.47 in taxes on each pack of cigarettes. As a result, the average price for a pack of smokes in the United States is now $5.58, though the price fluctuates wildly by geography. In Missouri -- the state with the nation's cheapest retail price -- a pack costs $3.93, while in New York -- the most expensive state -- it's a whopping $9.11. And that's outside New York City. Here in the five boroughs, where there are additional city taxes, a pack can cost anywhere from $11 to $13.

See full article from DailyFinance: http://srph.it/kk1nso


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