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Cigarette Tax Increase in New York
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 744676" data-attributes="member: 12570"><p><a href="http://www.nytimes.com/2010/06/19/nyregion/19tax.html?src=mv" target="_blank">http://www.nytimes.com/2010/06/19/nyregion/19tax.html?src=mv</a></p><p> </p><p>Governor David Patterson has proposed a $1.60/pack increase in the tax on cigarettes, which would bring the total tax to $4.35/pack. This would be the highest in the nation. Residents of NYC would pay $5.85 <strong>in taxes alone</strong> on a pack of smokes. This proposed tax increase would extend to smokeless tobacco. The Governor also intends to begin taxing cigarettes sold on Indian reservations, a move which has sparked violence in the past. The revenue from these proposed taxes would be roughly $1B, which would help the state close a $9.2B budget deficit.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 744676, member: 12570"] [URL]http://www.nytimes.com/2010/06/19/nyregion/19tax.html?src=mv[/URL] Governor David Patterson has proposed a $1.60/pack increase in the tax on cigarettes, which would bring the total tax to $4.35/pack. This would be the highest in the nation. Residents of NYC would pay $5.85 [B]in taxes alone[/B] on a pack of smokes. This proposed tax increase would extend to smokeless tobacco. The Governor also intends to begin taxing cigarettes sold on Indian reservations, a move which has sparked violence in the past. The revenue from these proposed taxes would be roughly $1B, which would help the state close a $9.2B budget deficit. [/QUOTE]
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