Comments on: Marlboro still smoking… http://www.footnoted.com/buried-treasure/marlboro-still-smoking/ Morningstar's guide to what's hiding in SEC filings Fri, 10 Feb 2012 20:24:57 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: rfall http://www.footnoted.com/buried-treasure/marlboro-still-smoking/comment-page-1/#comment-7560 rfall Sat, 21 Feb 2009 02:58:27 +0000 http://www.footnoted.com/?p=3372#comment-7560 It's not quite a surprise that cigarette sales, by brand, seem to be so price-insensitive: since much of the retail price of cigarettes is made up of various point-of-sale taxes, the difference in the wholesale cost is lost. It’s not quite a surprise that cigarette sales, by brand, seem to be so price-insensitive: since much of the retail price of cigarettes is made up of various point-of-sale taxes, the difference in the wholesale cost is lost.

]]> By: Sheila Roche http://www.footnoted.com/buried-treasure/marlboro-still-smoking/comment-page-1/#comment-7558 Sheila Roche Fri, 20 Feb 2009 15:42:02 +0000 http://www.footnoted.com/?p=3372#comment-7558 The state where I live (Illinois) is facing a budget deficit of $9 billion. Hiking cigarette taxes even more is one way to increase revenues without a state income tax increase -- which would be very unpopular with the voters. Our new governor is not very well known by many of the citizens (because he has deliberately kept a low profile -- and his nose clean -- over the years). And you're welcome for the political comedy coming from this state. The state where I live (Illinois) is facing a budget deficit of $9 billion. Hiking cigarette taxes even more is one way to increase revenues without a state income tax increase — which would be very unpopular with the voters. Our new governor is not very well known by many of the citizens (because he has deliberately kept a low profile — and his nose clean — over the years).

And you’re welcome for the political comedy coming from this state.

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