Question

The tax on cigarettes in new york city is one of the highest in the nation—$5.85 per pack. does this tax raise a lot of revenue for new york city?

Answer 1

THE TAX RAISED A LOT OF REVENUE FOR NEW YORK CITY.
In the year following the cigarette tax increase, New York City revenue increased by more than 975%, which represent about $268 million increase. Also, there was 11% decline in adult smoking and taxed packed sales decreased by almost 88%.