Where does the revenue from cigarette sales go? - Smoking is a deadly, addictive habit. This deadly addiction brings billions of dollars in tax revenue for federal, provincial and municipal governments. On an annual basis, the federal government collects $ 7,000,000,000 dollars of tax revenues from cigarette sales.
Where does the revenue from cigarette sales go?
One of the beneficiaries of tax revenues from the sale of cigarettes is the federal government. The revenue goes directly to help fund Health Insurance Program of the childrenâ € ™; this is a program that helps policyholders, low-income families provide health care services for their children.
The latest data revenue of US state and local census in 2008 indicated that states have raised $ 16,000,000,000 dollars in cigarette sales taxes. Revenues from taxes goes directly to balance the budgets of € ™ statesâ and state health care programs funds.
Many municipalities impose taxes on cigarettes locally. The turnover is in localitiesâ € ™ general funds for various local projects, such as road maintenance and renovation of the school.
Tax revenues from the sale of cigarettes goes to fund various anti-smoking campaigns targeting young people. Revenues from local funds is used to fund tobacco prevention programs and renunciation.
Many prevention and cessation programs from tax revenues from the sale of cigarettes. These programs reduce the cost of health care by encouraging smokers to quit.