How much income is generated from cigarette taxes for states?

Answer The amount of revenue generated from cigarettes taxes in the states varies from year to year. As of the 2010, the last verifiable statistics are for 2007, in which the states collected $15,834,746,... Read More »

Top Q&A For: How much income is generated from cigarette tax...

How much income is generated from cigarette taxes in Minnesota?

Minnesota generated $572 million in fiscal year 2010 in state excise taxes and legal settlements related to tobacco, according to Campaign for Tobacco-Free Kids. The state charges a cigarette excis... Read More »

Is income generated by 401k subject to taxes?

The distributions from 401k plans, including earnings on the contributions, must be reported as taxable income when you file your taxes. If you take a distribution before turning age 59 1/2, you wi... Read More »

How to Get Out of Estate Taxes & Income Taxes Without Moving States?

If you do not do any estate planning, your heirs could end up with a hefty estate tax and income tax bill when you die. The estate tax is a tax that is paid based on the total assessed value of you... Read More »

How much in medical expenses can be deducted from income taxes?

Medical and dental expenses that qualify for income tax deductions must exceed 7.5 percent of your adjusted gross income. Use Form 1040 Schedule A to find qualifying amounts.Source:IRS Medical Dedu... Read More »