Nov 182009
I know that back on April 1st, the Cigarette and Tobacco taxes were substantially increased.
Since then I’ve heard around that there is pending legislation that there will be another tax increase during the Fall/Winter months of 2009, but can’t find any evidence of that.
Anybody know?
There no more pending Federal tobacco tax increases at present. Those take an act of Congress and Congress is busy with other issues right now.
State taxes could increase at any time and that is were most high tobacco taxes exist. (The tax on a pack of cigarettes in NYC is nearly $6.00 when all taxes are added in.)
I have no specifics on a federal tax increase this fall but I wouldn’t put it past them. Many states however are working on more tax increases for tobacco.
I suggest you buy and cellar tobacco now before the prices go up again. Tobacco, like wine, can get better with age. I suggest you read the following page on how to cellar tobacco:
http://hubpages.com/hub/How-to-cellar-tobacco
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There no more pending Federal tobacco tax increases at present. Those take an act of Congress and Congress is busy with other issues right now.
State taxes could increase at any time and that is were most high tobacco taxes exist. (The tax on a pack of cigarettes in NYC is nearly $6.00 when all taxes are added in.)
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The sooner the better.
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