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URL:  https://boards.fool.com/revenue-30494571.aspx

Subject:  Revenue Date:  1/19/2013  10:50 AM
Author:  2828 Number:  667228 of 880777

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.
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