Category Archives: Earning and Saving

Should Vaping Be Taxed At The Same Rate As Cigarettes?

Should Vaping Be Taxed At The Same Rate As Cigarettes?

Vaping is a relatively new phenomenon in most countries.  As such, there aren’t tax laws around vaping in most parts of the world. Even in the U.S where vaping has grown exponentially, there aren’t any laws on its taxation. It’s only recently that Connecticut lawmakers introduced a bill seeking to impose federal taxes on vaping. As vaping becomes more commonplace, such bills will increase all across the world. It’s just a matter of time. Therefore, at this point the big question isn’t whether or not vaping products should be taxed, but whether they should be taxed at the same rate as cigarettes. Cigarettes are among the most overtaxed products in the world. The goal of these punitive taxes, is to disincentive cigarette smoking due to its harmful side effects, such as a high risk of cancer. So should vaping be taxed at the same rate as cigarettes? The answer is a resounding NO. Here’s why.

1.    Vaping can help cigarette smokers quit

Most people looking to quit smoking can’t do so drastically. The withdrawal effects can hinder them from engaging in any productive activities. For such people, the best way is to take in small amounts of nicotine, until they are in a position to quit completely. Vaping allows them to take this gradual approach to quit. As such, since the whole idea of punitive cigarette taxes is to discourage smoking, it would not make sense to impose punitive taxes on something that can help in this process. Vaping should be taxed at a rate that encourages it, as a strategy for discouraging cigarette smoking. In fact, if scientific research proves that it can help smokers quit, it should be incentivized through subsidies.

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5 Strategies for Marketing Better on Facebook

5 Strategies for Marketing Better on Facebook

Facebook is one of the most social media platforms with more than 2 billion monthly users. With its global outreach being so strong today more than 50 million business are flourishing by the grace of facebook. There is no doubt that facebook is one of the best platforms for marketing and advertisements. It is cost… Continue Reading

5 Steps To Financial Freedom

5 Steps To Financial Freedom

The path to your financial freedom entails a lot of steps. You must be determined to go through all of them no matter what. It involves a lot of sacrifices. You need to deny yourself today’s leisure for the sake of tomorrow. There is no doubt that it can be very hard. You also need… Continue Reading

Why getting a Tax Refund Anticipation Loan is a Bad Idea

Why getting a Tax Refund Anticipation Loan is a Bad Idea

The tax anticipation refund loan is basically a method by which a tax filer can receive his refund back immediately. So basically in this the consumer is guided by the tax preparation entity through filing ones taxes. The amount which has to be refunded is determined and then the individual is offered the refunded cash… Continue Reading

Financial Tips for Newlyweds

Financial Tips for Newlyweds

On the lead up to your wedding day and as newlyweds, you may start talking about finances and how they will work once you have both exchanged vows. It doesn’t matter what your financial background is; you’ll be able to start fresh and get a joint bank account (if you want too!). Talking about finances… Continue Reading