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It's going to keep getting harder to find a cigarette in 2013 if the state legislatures across...

It's going to keep getting harder to find a cigarette in 2013 if the state legislatures across the country get their way. Higher cigarette taxes are on the docket in a number of states with traditionally high numbers of smokers. Minnesota in particular, where nearly 16% of the population still smokes, the governor is seeking to boost the state cigarette tax rate to a new rate of $2.83 per pack, a move which is being lauded across the board by anti-smoking advocates.
Comments (23)
  • Sign o' the Times: The fall of tobacco and the rise of marijuana.

     

    Go figure. I guess it takes a few choomin' sessions to follow Progressive politics.
    22 Jan 2013, 01:43 PM Reply Like
  • a twitchy fellow with yellow stains between his fingers walks into his local pot and grocery store.

     

    hey man, got any smokes?

     

    lots of smoke, right over here.

     

    not pot, man, SMOKES!

     

    oh gosh no! i would be put in prison! try facebook search. i am looking for a person with tobacco. may i please ask you never to come into my shop to ask for this again.
    22 Jan 2013, 01:48 PM Reply Like
  • Why it's good to have PM in the portfolio instead of MO if you're looking to invest in cigs.
    22 Jan 2013, 01:55 PM Reply Like
  • Which is?
    23 Jan 2013, 01:20 PM Reply Like
  • Phillip Morris International. When Philip Morris split years ago, the american unit became Altria (MO) and the international business became Philip Morris International (PM)
    23 Jan 2013, 01:31 PM Reply Like
  • """Minnesota in particular, where nearly 16% of the population still smokes, the governor is seeking to boost the state cigarette tax rate to a new rate of $2.83 per pack, a move which is being lauded across the board by anti-smoking advocates."""""

     

    Next week, the dummy is going to cry about the loss of a revenue stream because his increase was successful.
    Politicians are such fools.
    22 Jan 2013, 01:56 PM Reply Like
  • You are so right. Think of the goose and the golden eggs!!
    22 Jan 2013, 05:17 PM Reply Like
  • No, it will increase revenue because people WON'T QUIT. It's an addiction---the most addictive substance known to man. I have treated people who quit meth and STILL SMOKE.

     

    This is a great way to make the indigent pay for their own healthcare.
    23 Jan 2013, 01:51 AM Reply Like
  • I smoked, I chewed and if weren't a sure road to the grave, I'd start all over again. I have always said that if I were diagnosed as terminally ill, I'd go back to using tobacco. Tobacco for wasn't a five minute addiction for me either..We're talking the sixties to the early nineties. That being said, I will continue to say that tobacco is the worst thing I have ever, ever, ever done to my health. Now the problem only lies with my gums. But, what potentially deadly problems may yet arise? Tobacco can not be taxed enough, period. And alcohol is right behind it. And oh do I ever like a shot of Jose, a half slice of lemon and a little salt in the web between your thumb and index finger.
    22 Jan 2013, 02:14 PM Reply Like
  • A quick search found that it looks like MN will be ranked 6th at 2.83:
    New York $4.35
    Rhode Island $3.50
    Connecticut $3.40
    Hawaii $3.20
    Washington $3.025
    There will still be 44 states with tax per pack less than 2.83.
    Strickly looking at it as an investment for my retirement, I think I'll hang onto my MO and PM and VGR for a little while longer.
    22 Jan 2013, 02:33 PM Reply Like
  • If you are an adult, you should be able to eat or smoke anything legal. We don't need Government to tell us how to live our lives. You do not have to be a rocket scientist to realize over eating or smoking a pack of cigarettes a day, exposes you to excessive health problems.
    Many Politicians smoke and drink. People who do either one or both, probably are addicted to the addictive properties of the products.
    But they are legal products, smokers and consumers of alcohol are not criminals.
    22 Jan 2013, 02:42 PM Reply Like
  • Magi48 you have my vote and many many others too
    23 Jan 2013, 07:35 PM Reply Like
  • I have to agree with magi48.
    22 Jan 2013, 02:55 PM Reply Like
  • Time to invest in nicotine-laced "vapology." Of course, the state is looking to tax that too. In Oregon, the state is intent on stealing more from the people by taxing by miles driven - guess that gas tax isn't bringing in enough revenue, with many now driving Priuses.
    22 Jan 2013, 02:56 PM Reply Like
  • sadly, one way or other the cost of highways will be covered...unless you prefer pot holed highways...no need for speed limits...oh, now that's one cheap advantage
    23 Jan 2013, 07:37 PM Reply Like
  • What is bad for cigarettes isn't necessarily bad for tobacco... Lots of things can be made using tobacco. Maybe less sale of cigs will encourage more experimentation and research on other uses for Tobacco.
    22 Jan 2013, 03:11 PM Reply Like
  • Any of you want a part in running cigarettes from SC to NY? It might be a better return on your money, however, there will be some risk.
    22 Jan 2013, 04:20 PM Reply Like
  • Or from Missouri to anywhere else! Couldn't believe the prices in Missouri when passing through...
    23 Jan 2013, 01:21 PM Reply Like
  • U.S. consumption is a very small part of world consumption. Cigarette sales are increasing worldwide from increased population and incomes. Cigarette consumption is income elastic and it has the longest economic growth trend of any other industry.
    22 Jan 2013, 04:27 PM Reply Like
  • I'll stick with my tobacco stocks too. The way I see it, the Chinese will all be taking up smoking soon, just like we Americans did when our economy was on the rise. Light 'em up boys, America is depending on you!
    22 Jan 2013, 05:17 PM Reply Like
  • speaking of china,one of the largest counterfeiters,it has been estimated that they smuggle billions of dollars in newport menthol and marlboro reds through out south america and the united states every year so as the tax rate goes up in america more and more chinese smokes are showing up and the feds can not stop it.there is as much money being spent on stopping the smuggling of cigs as there is in fighting marijuana smuggling. creating less revenue for the federal government and the states
    23 Jan 2013, 09:57 PM Reply Like
  • Hey, this helps us pay for uninsured health care in MN. AND, it won't really diminish the numbers sold, as demand is incredibly inelastic.
    23 Jan 2013, 01:48 AM Reply Like
  • To realize the State tax policies as foolish is an understatement They will not kill this necessary and nasty product. The demand will always be there for additive behavior. So invest at the right price for long term profits!
    23 Jan 2013, 05:41 AM Reply Like
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