The tax rate on other tobacco products will also increase by the same proportion, which is about 31.4%
The tax has employed the same, basic 5 percent rate since FY 1977 and the prior rate of 4.25 percent had been in place since the mid-1950s.[6] The last significant and permanent change to the tax was made in June 1995, when long-standing exemptions for interest from New Hampshire- and Vermont-based banks were eliminated and the general exemptions for single and married taxpayers were doubled, thus bringing them to their present levels
Thun MJ, Day-Lally C, Myers DG, Calle EE, Flanders WD, Zhu B-P, Namboodiri MM, Heath CW: Trends in tobacco smoking and mortality from cigarette use in cancer prevention studies I (1959 through 1965) and II (1982 through 1988)
To say that people have strong opinions about Clinton is an understatement
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