[PEN-L:9453] Cigarette Taxes

["Max B. Sawicky" <maxsaw@xxxxxxxxx>]

Correction and Clarification:

Chernick and Reschovsky wrote about gasoline tax incidence,
not cigarette tax (National Tax Journal, June 1997).

A few more recent excise tax refs:

Cook and Moore, National Tax Journal, September 1994;
case for higher beer taxes.

Lyon and Schwab, Review of Economics and Statistics,
77, August 1995.  Incidence of sin taxes in life cycle framework.

As tax geeks know, in the life cycle context consumption
taxes of all types are less regressive than in the annual
accounting framework.  Whether they are still too regressive
to stomach on equity grounds is, of course, a different
matter.

MBS

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Max B. Sawicky            Economic Policy Institute
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