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Smokers are good for theEconomy –Really

Prepared byKen

GutierrezUzma

Siddiqui

MoniqueJohnAriannaMarie

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Introduction and Overview…………..Ken 

Consumption of Cigarettes…………..Uzma  Smokers Save Money For Us…………Monique 

Tax Consideration ……………………..John 

Economic Consideration…………...…Arianna 

Conclusion and Recommendations….Marie 

Question and Answer …………………..Anyone 

Agenda

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Tobacco industry pays out $368.5 Billion to 40 states

States reasoning Behind the Lawsuit The Look at the other side of this Argument

Paradoxes of Modern Medicine

Kip Viscusi Study

Tax Effect of the Study

Economic consideration and how it affects the US

Should we as a society Buy into this premise

Introduction of the Case

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U.S. consumers spent an estimated $90 billion in 2006on tobacco products

Approximately $83.6 billion was spent on cigarettes.

Approximately $3.2 billion was spent on cigars.

Approximately $2.6 billion was spent on smokeless

tobacco (e.g., chewing tobacco and snuff).

Consumption of Tobacco inUS

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2000 – 430

2001 – 425 2002 - 415 2003 - 400 2004 - 388 2005 - 376

2006 - 372 2007 - 360Source: Tobacco Outlook Report, Economic ResearchService, U.S. Dept. of Agriculture.

CIGARETTES CONSUMED

IN THE US

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  Tobacco industry is one of

the most profitablebusinesses

Smokers save money in

health insurance / Medicaid

The life span of a smokervs. a nonsmoker isbetween 13 -15 years

shorter

Smokers save us money -

Really?

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Smokers save the

economy money Healthcare costs are reduced

drastically because smokers trendsay they die 13-15 years earlier

They don’t live long enough to

collect pensions The extra tax on cigarettes income

surpasses the long lasting cost ofgovernmental interference.

Economic Consideration 

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Average state excise tax

$1.46/cigarettes pack Different state have different excise

rates

Plus federal tax of $1.01 per pack

Estimated increase in price will be10%

Reduce consumption

Tax Consideration

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Ethical point of view

Consumer right

Important issue

Conclusions

Recommendations

Enhance the public's awareness of the harmfuleffects of smoking

Awareness through statistic and researches

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Questions????