If a Cigarette Tax is meant to discourage/punish smokers, what is the Income Tax meant to do?
If it was to discourage smokers why do they raise prices incrementally and not double it at once to give sticker shock? They want you to continue smoking and it’s like boiling frogs so you don’t feel the pinch at one time but in stages. They want the money!
The top 10% of earners make 47% of income and pay 71% of taxes.