“Taxes on cigarettes sold in Cook County, Illinois which includes Chicago, are going up by one dollar a pack. The price of a pack of cigarettes could be near $11 in Chicago, $6.67 of which is city, county and state taxes. Cook County Board President Toni Preckwinkle says the tax, which takes effect Friday, is expected to generate more than $25 million annually. The people of Cook County will soon learn what a black market looks like. Preckwinkle seems to already know it’s coming. She says the county Revenue Department will hire more staff to help stop tobacco smuggling and tax evasion.”
http://www.economicpolicyjournal.com/2013/03/rahmaland-cigarettetax-increases-by-1.html
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