Tobacco Documents Online

. MFiSSUC'7F.t r~W3:i~y ' JOURNkh A1CRZM ldadilsonvillle, Kentucky New York, Nev York. ctober 18, 1962 October 8y 1962 ig T~~yer TOBACCO TAXES: l 0(~353' 7 8 y t h Tbbacco, whieh is'worth milliotis of doi- _ 4r `!~ ~/4-/~i/IiL1iVl I anH0'I~J. for U. I'7 g. a isstled t The:publleahon, y e o r ataw, cittes: and eountiea- sizable increase in the eigar- bllllonaver the past 100 years. -. co . Institute, . Inc., , said liist'. year's federal with excises of, theitown-- ette . tax. Sinee tbeCivil War ~cises on most . other, products tObaCCO tax collections tame to over $2,- eolleoted another one-eighth, tax act, there have been 12 are far less important ihcome- of a million dollars from , to- increases in the Federal tax y~ueers. They ~rere fieat 000,000,0t10, or $230,'317:72 per'r hour; bacco. every hour~ound the rate on cigarettes. Most recen: levied on automobiies, for ez- y ~ oo taz aollecttona came to over born together in 1862 to be:P than thox on any other prod- piece: in ~. TL1BA'CC ~CC~ NEWS . ". =A' billion, .. or i23o;317.4II an . finance the Ctvil i War. Each uete: except for alcoholic ~~bever- hour. At the same tlme; sueceeding, war has brought a age taxes, which totaled $42.3 h T b b and nightrWe note in a said last year'a federalitobae- ternal Revenue Servlca were tabsoco taxes are far high ; ev honr=da ,., $40. ona lttn eentury: to a total of a quarter of'a million,dollars in tobacco taxes ~~ttt,rte, Inc,, Tobacco taus and the In- yinj= Federal' returns lror ~ tr y . ,n, en,e¢u ar s, e . m c or ~ b The pabWcatiom Issued by tl ng ao the day,o collects nearly bottr in cosmetics and toilet prepara . S Tneasur ith b t i t i th U t Fa i g g a e y e dollass in tobacco tazes every nee ic~~ • and =161 million on fxea eollecti tbb c Treaaur9 colltats : Sam, too, b'ein a great source of taxes badly , The U8. g excises on furs, $68 million on Sn 1962. ,':, nearly a 9uarter of a million ieather gooda. s16s million on T)u Federal l3ovemment overnment: ton shin W d b th d SaB mon in o tctc fo a tota of =1 ther paid oaiy. billi6n •`fellow Kentuekians, is worth a lot to Uncle q,AS.aarox. Oct. a- k r l eachi night and day of the year. At the same time, states, cities and counties all over the country-with ex- cise taxes of their own-collect another one-eighth of a million dollars from to- bacco, every hour around the elock -for a total of 51,000;000;000 in 1962. The,federal'govelmment, TOBACCO NEWS en collecting tobacco taaeR has b t C repof s, e with unbroken regularity for a full century 1-1o a grand totai of $40,600,000,000. Fed, +eral'returns from tobacco taxes are far highei than~those on any other products, except fol alcoholic beverage taxes, which totaled #42;:. 200,000,001D over the past' 100 years. Excises on most other products are far less important income-producers for the taa- ing',agenties. Taxes were first levied on auto- mobiles, for, example, in 1933' and since that time have blaught in, =13;000,000,000 from car buyers, while tobacco taxes were bring- ing in $33,300;000j000: Some other figures printed' by TOBACCO - - i`itWS are interesting: A ample: In 1933 and'since that one cent per pack at the outset time hava brought bs $13 bil- of t:he Korean Warn lion from car buyenr, while to- bacco taxes: wera bringing it $33.3 billton, the publication F1DST I IIev York,: IIev York Octobez 8, 1962 In 1961;. c-hi1ee consumcrs were pay:ngg over. $2bVlliontA U:3: excie taxes pt4,tobsoen Tobacco's Vast Tax Harvest Tne U. S. Treasury collects nearliv $230,000 in to- bacco taxes evary hour, day and night, Tobacco liews, reported today. The publication, issued by The Tohacco "tute,, Inc., said last y,ear's federal tcbaoeo ax coliections came to uver a2;000,000.000, or $230,317,72 per hour. States, cities andicnnnties collpcted another one-eighth oL a million dollars from tobacco, every hour arou„d I the clock--for a: toial of 1,6;rJ.,000,1100.in.1962i, POST New York, lfer York September 28, 1962 U.S. 0garct Smokers Expected To Spend Record $4.8 Billion Washington. Jept. 28 fAYi Americartg will smoke 497,500. 000,000 cigareta this year, spendi 1ng a record 56,88t).000i00i) tiu" them, the Agrieulture Dept: pre; dioted l today. , 'Me consumer outlay tor ali tobacco prodticts Kas forrwast at more than =7,SQ@,000;00t;: Spending for cigars wuuld trall' far behind cigarets, with $44.5;, 000.00o forecast. , r.~ ~ '-- W '~'~