States apply high excise tax rates on cigarettes which of


States apply high excise tax rates on cigarettes. Which of the following is an accurate statement about such taxes?

A.The taxes yield some revenue, but the amounts are small in relation to general sales and individual income taxes.

B. The taxes force highly profitable tobacco companies to bear their fair share of the costs of state government.

C. Because cigarette purchases are made from discretionary income, the taxes distribute the cost of state government in a progressive fashion.

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Business Economics: States apply high excise tax rates on cigarettes which of
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