Tax Policy Center

Fiscal Facts

June 26, 2023
Federal excise tax revenues from tobacco products totaled $11.3 billion in 2022. As a share of total federal revenues, they have declined from averaging 2.4% in the 1950s to 0.3% in recent years.
Fact: 
Federal excise tax revenues from tobacco products totaled $11.3 billion in 2022. As a share of total federal revenues, they have declined from averaging 2.4% in the 1950s to 0.3% in recent years.
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