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Author: 2828 Big funky green star, 20000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 744788  
Subject: Gee, Who Didn't See This Coming? Date: 12/14/2012 10:06 AM
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http://marathonpundit.blogspot.com/2012/12/retailers-smuggli...

Cook County investigators have been raiding stores across the county that have been breaking the law, and ripping off taxpayers of millions of dollars, by selling cigarettes without proper taxes.

CBS 2’s Suzanne Le Mignot rode along with authorities during a recent raid.

At a store in Berwyn, a shelf of cigarettes was left bare, after more than 200 packs were confiscated by the Cook County Department of Revenue Compliance Division Investigation Unit. Only four packs in the entire store had the required Cook County tax stamp.

"For every pack that is sold without the county tax stamp, there's $2 lost," Cook County Revenue Department investigator Timothy J. O'Connor said. You're talking $400 right there alone."
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Looks like revenues may come in "below expectations", well they tried, i guess we need to raise taxes on the rich then.

I can't wait til they make marijauna legal and then tax it so much there's still illegal sales.
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