Lone Star Liberty

The results in Table 1 contradict the hypothesis that increases in manufacturers’ wholesale prices resulting from settlement costs somehow cause other components of price to rise in tandem. With the exception of state excise taxes, which have been rising about a 1-percent annual real rate, the other components of price – Federal excise taxes, state [...]

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Roughly half of all youth smokers usually buy the cigarettes they smoke, either directly from retailers or vending machines or by giving money to others to buy for them. Another third typically get their cigarettes from others for free, and a smaller but significant percentage of kids obtain their cigarettes by shoplifting or other stealing. [...]

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