For the Cigar smokers...

Eric N.

Eric N.

Well-known member
Apr 20, 2004
3,980
0
Falls Church, VA
Not sure if you guys got the spam mail from Holts, cigars intl, or whom ever you may order your smokes from but, there is a 53% cigar tax on the Child health bill on the senate floor so you guys may want to ring up your local Senator and explain to them that you don't think 53% tax on cigars is very fair.. Could add as much as 10 bucks more to the price of your favorite cigar at the store. I'm all for helping legal sick kids but, damn 53%.. That's just wrong.. That'll pump up a $200 box of smokes to almost $300..

edit: I deleted the email but, it's for State Children's Health Insurance Program (SCHIP)

here's the pdf of the schip
http://www.senate.gov/~finance/sitepages/leg/LEG 2007/Leg 110 071307 Mark.pdf
here's the pdf of the tax increases to fund the schip
http://www.senate.gov/~finance/sitepages/leg/LEG 2007/Leg 110 071307 JCT.pdf

Current tax...

Cigars weighing not more than three pounds per thousand (“small cigars”) are taxed
at the rate of $1.828 per thousand;

Cigars weighing more than three pounds per thousand (“large cigars”) are taxed at the
rate equal to 20.719 percent of the manufacturer’s or importer’s sales price but not
more than $48.75 per thousand;
Click to expand...

New proposed tax

Small cigars are taxed at the rate of $50.00 per thousand (the same rate applied to small cigarettes);

Large cigars are taxed at the rate equal to 53.13 percent of the manufacturer’s or
importer’s sales price but not more than $10.00 per cigar;
Click to expand...
 
Last edited:
SCSL

SCSL

Well-known member
Apr 27, 2005
4,144
152
F#$%ing politicians and their bullshit taxes....

Thanks for posting this. I'm an avid smoker but haven't really been "in the loop" for the past year or so.
 
M

MarkP

Well-known member
Apr 23, 2004
6,672
0
Colorado
A few minor details . . . . .

Cigarmakers in a panic: The federal tax on each cigar could rise from 5 cents to $10.
St Petersburg Times ^ | July 17, 2007 | JAMES THORNER

As part of an increase in tobacco taxes designed to pay for children's health insurance, the nickel-per-cigar tax that has ruled the industry could rise to as much as $10 per cigar.

"I'm not sure in the history of man, since our forefathers founded the country in 1776, that there's ever been a tax increase of 20,000 percent," said Newman, who runs the Tampa business founded by grandfather Julius Caesar Newman. "They had the Boston Tea Party for less than this."

The Democrat controlled Congress has sought an extra $35-billion to $50-billion for the state children's health insurance program.​

First, the tax goes from $0.05 to $10 per cigar.

Second, they will drive sales underground and raise far short of the $35-billion to $50-billion projected revenue intended to fund the program. But, the program will cost much more than $50-billion and won't go away.
 
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