Thursday, October 06, 2011

Higher Cigarette Taxes Bring in Less Revenue in Cook County

Hot Air reports:
In 2006, the county collected about $200 million in cigarette tax revenue, but that dropped to about $126 million last year.

“There’s probably some people who have given up smoking, but I don’t think that accounts for $74 million (less),” [Sheriff Tom] Dart said.
The Laffer Curve in action.