UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev Thread | Next Thread
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 737445  
Subject: Revenue Date: 1/19/2013 10:50 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
http://hotair.com/archives/2013/01/19/sin-tax-wars-60-9-of-a...

Sin Tax Wars! 60.9% of all smokes in NY go untaxed

The Midland, Mich.-based Mackinac Center has released smuggling reports in 2006 and 2009, in addition to its most recent report covering 2011. In 2006, the Mackinac Center estimated that New York had the fifth highest smuggling rate in the country as 35.81%. In 2008, New York’s state excise tax on cigarettes nearly doubled, going from $1.50 to $2.75 per pack. In the Mackinac Center’s 2009 report, New York rose to number two on the list, with a smuggling rate of 47.35%. State excise taxes rose again in 2010, going from $2.75 to the state’s current $4.35. Not surprisingly, the 190% increase in state excise taxes from 2006 through 2011 catapulted New York to its title as the most smuggled state.
-------------------------------------------------------------
<insert Grumpy Cat here saying, "Good!">
Print the post Back To Top
Author: Art53 Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 667235 of 737445
Subject: Re: Revenue Date: 1/19/2013 11:59 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
"Sin Tax Wars! 60.9% of all smokes in NY go untaxed"


If I smoked I'd grow my own tobacco and dry it and roll my own damn cigarettes. I swear to God I would.

Art

Print the post Back To Top
Author: warrl Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 667476 of 737445
Subject: Re: Revenue Date: 1/21/2013 1:33 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
I submit that one measure of when taxes are *definitely* too high, is when it is worth the average person's while (effort and risk, versus reward) to evade them.

Print the post Back To Top
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev Thread | Next Thread
Advertisement