
IPFS News Link • TAXES: State
The Smokeasy: Bootlegging Returns To America
• Jonathan Turley.... Rises in taxation of cigarettes with prices in one location as high as
$15.00 per pack, the majority of cigarettes consumed by smokers there
are now bootleg. According to the U.S. Bureau of Alcohol, Tobacco,
Firearms, and Explosives, nearly $5 billion in revenue in 2010 was lost
because of smuggling. But this figure is very likely to rise
dramatically since many states since enacted even higher levels of
taxation....