Quit Smoking April Fool’s Joke?
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Did you read the news last week that with effect from 1 April 2009, there will be a large federal tax hike on tobacco products in USA?
Will this tax hike have all smokers digging deeper into their pockets to fund their smoking habit? Isn’t the current economic situation bad enough that people are skimping on every penny and yet there is a hike to tobacco products?
The tax increase is USD 62 cents. That is an incredible increase of 158%!
This brings the total tax on a pack of cigarettes up to USD 1.01 all over America. Areas that already having high tobacco taxes will be paying as much as USD 10 – USD 12 per pack of cigarettes.
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If you have the habit of smoking a pack a day, if you do your sums properly, you can expect to spend as much as USD 360 a month on cigarettes.
Imagine if there are more than one smoker in your household.
Let say there are 5 smokers in a household of 7 people. With USD 360 spend a month per person, you can expect a total monthly expenditure of USD 1,800 just on cigarettes alone.
This figure is startling! It will definitely cause a huge “hole” in the pocket.
In the current depressing economy we are all living in today, is the tax hike justifiable?
Will this new hike be a tipping point for smokers to quit in droves?
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Nice site. There?s some good information on here. I?ll be checking back regularly.