Tax Policy Center

Fiscal Facts

April 22, 2024
Federal excise tax revenues from tobacco products totaled $11.3 billion in 2022. In inflation-adjusted terms, tobacco excise tax revenues are lower than in 1940 ($12.8 billion).
Fact: 
Federal excise tax revenues from tobacco products totaled $11.3 billion in 2022. In inflation-adjusted terms, tobacco excise tax revenues are lower than in 1940 ($12.8 billion).
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