Taxes Matter IV — Cigarette Taxes and Smuggling

Michael Lafaive and Todd Nesbit of the Mackinac Center have updated their study on cigarette taxes and smuggling (pdf).  I don’t need to summarize this study because the good folks at Mackinac have already put together a excellent video summary.  This is required viewing for you out there that believe a few cents don’t influence people’s behavior . . . turns out it will drive a man through a brick wall, literally.