Chicago’s Sky-High Tobacco Tax Creates a Huge Black Market

“Tobacco importers rent 18-wheelers and drive to tobacco-growing states — recipients of federal tobacco subsidies — that have very low taxes on tobacco. They load up these low-tax products. Then they drive to Chicago. They sell the tobacco at below-market prices. Cigarettes are especially profitable.  This is not regarded by politicians as the free market at work — a tax revolt by the little people. They see this as a crime. They label this market as a black market. In Cook County, it really is. Blacks are the primary targets. A local ABC-TV reporter says that ‘taxpayers are losing millions.’ On the contrary, tax collectors are losing millions. Taxpayers are saving millions.”

http://teapartyeconomist.com/2013/11/14/chicagos-sky-high-tobacco-tax-creates-huge-black-market/

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