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Nov 26, 2024 | 
taxfoundation.org | Adam J. Hoffer |Jacob Macumber-Rosin
Key FindingsExcessive taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. rates on cigarettes induce substantial black and gray market movement of tobacco products into high-tax states from low-tax states or foreign sources.
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Nov 14, 2024 | 
taxfoundation.org | Jacob Macumber-Rosin |Adam J. Hoffer |Milly Higgs
Drug policy was on the ballot in many states in 2024. Voters in Florida, North Carolina, and South Dakota considered legalizing recreational marijuana; voters in Nebraska had the option to legalize medical marijuana; and voters in Massachusetts considered legalization of natural psychedelic substances. Legal access to drugs, and thus legal (taxable) markets for them, continued to expand in 2024, but the expansion via 2024 ballot initiatives stalled.
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Nov 7, 2024 | 
taxfoundation.org | Jacob Macumber-Rosin |Adam J. Hoffer
Over 500 million premium cigars were sold in the United States in 2023. With each sale comes a complex taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. landscape. All large cigars are subject to a federal tax of 52.75 percent, capped at $0.4026 per cigar.
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Oct 8, 2024 | 
taxfoundation.org | Adam J. Hoffer |Jacob Macumber-Rosin
As Oktoberfest celebrations wrap up across the continent, now is a great time to examine beer taxes in the European Union. Hefty beer taxes add to the price of every drink consumed. The EU requires Member States to levy an excise duty on beer of at least €1.87 per 100 liters (26.4 gallons) and degree of alcohol content.
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Sep 26, 2024 | 
taxfoundation.org | Jacob Macumber-Rosin |Adam J. Hoffer
Key FindingsGrowing levels of waste and pollution, paired with increasing burdens on taxpayers to address environmental problems, have spurned policymakers in the US and abroad to encourage producers to be responsible, either financially or operationally, for the end-life of their products. Extended producer responsibility is a policy approach that could shape incentives to encourage recycled materials and help shift waste management costs from taxpayers to the producers of waste.
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Aug 27, 2024 | 
taxfoundation.org | Jacob Macumber-Rosin |Adam J. Hoffer
Cigarette smokers in the European Union pay far more in excise taxes than they do for the cigarettes themselves. The EU Tobacco TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. Directive requires all Member States to levy a minimum excise taxAn excise tax is a tax imposed on a specific good or activity.
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Aug 13, 2024 | 
taxfoundation.org | Jacob Macumber-Rosin |Adam J. Hoffer
Fuel taxes continue to be a central policy consideration for European countries amid supply chain disruptions related to the Russo-Ukraine war, increased emphasis on environmental policy, and deteriorating economic conditions felt by average consumers. The European Union requires Member States to levy a minimum excise duty of €0.359 per liter ($1.47 per gallon) on petrol (gasoline).
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Aug 7, 2024 | 
taxfoundation.org | Alex Muresianu |Adam J. Hoffer |Jacob Macumber-Rosin |Alex Durante
Key FindingsThanks to elevated deficits and interest rates, fiscal restraint is back in Washington. While substantially reversing America’s fiscal situation requires structural reforms to entitlements and taxes broadly, reforming transportation funding would also help. The user-pays principle is a sound way to fund major infrastructure projects.
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Aug 5, 2024 | 
taxfoundation.org | Jacob Macumber-Rosin |Adam J. Hoffer |Milly Higgs
According to recent reports, 72 percent of the current marijuana market in the US is illicit. Evidently, the federal criminalization of marijuana has failed to prevent its sale or consumption. Faced with increasingly widespread nullification of federal marijuana prohibition, for legalization, and the temptation of excise revenues, policymakers are seriously considering significant reforms to federal marijuana policy.
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Jul 26, 2024 | 
taxfoundation.org | Jacob Macumber-Rosin |Adam J. Hoffer |Milly Higgs
The US vaping market is a disaster. As much as 98 percent of vaping products sold in the US are illicit. Most states levy an excise tax on vaping products, but these taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. systems vary substantially.
