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OCR Page 1 of 6Tobacco -
Taxes
Cynthia A. Rice
10/28/99 11:23:27 AM
Record Type:
Record
To:
Bruce N. Reed/OPD/EOP@EOP, Eric P. Liu/OPD/EOP@EOP
CC:
J. Eric Gould/OPD/EOP@EOP, Eugenia Chough/OPD/EOP@EOP
Subject: The Proposed Tobacco Assessment -- Why It is Not a Tax
fyi
Forwarded by Cynthia A. Rice/OPD/EOP on 10/28/99 11:23 AM
Frank J. Seidl III
10/28/99 11:16:41 AM
Record Type:
Record
To:
See the distribution list at the bottom of this message
CC:
See the distribution list at the bottom of this message
Subject: The Proposed Tobacco Assessment -- Why It is Not a Tax
The language below has been prepared to help explain why the proposed tobacco assessment is not a
tax. It has been revised to reflect comments made by Joe Minarik and Patrick Locke late yesterday.
Q. Why is this not a tax?
A. Unlike excise or income taxes, the tobacco assessment would not be
based on the volume of cigarette sales (as with excise taxes), nor would it
be based on manufacturers' income (as with the corporation income tax).
Furthermore, unlike these taxes, the assessment would not be part of the
Internal Revenue Code, but would be a provision of free-standing
legislation. Finally, it would be administered by the Department of the
Health and Human Services, not the Department of the Treasury, as is the
case with taxes.
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