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New tax to push cigarettes over $10 a pack in NYC

http://www.myfoxny.com

Ten dollars for a pack of cigarettes? It might soon become a reality in many stores in New York City. The cigarette tax in New York would jump $1.60 a pack under a tentative deal struck between Governor David Paterson and state government leaders.

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Deslock Darkstar's picture
Created by Deslock Darkstar 4 years 3 weeks ago – Made popular 4 years 3 weeks ago
Category: Taxes, Fees & Fines   Tags:

I love this. People think guns can over power markets.

billott1 4 years 3 weeks 5 hours 40 min ago

How many times must a stupid city or state or federal government increase taxes to have little or no effect on the behavior and have little or no effect on the amount stolen from people because of black markets? This seems to be the third or fourth time NY has jacked up tobacco taxes only to increase the number of "Speak Easies" and lose money as less revenue is gained over the cost of enforcement. This is particularly stupid given that NYC is a day trip for smugglers purchasing tobacco products in the North Carolina, Kentucky and Virginia.

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