There are fewer people smoking in NY...That's good. There are lots more smokers not buying their habit through the state's onerous tax scheme. The numbers show it.
I still get gasps when I tell people it's eleven bucks for a pack of Marlboro's. Most of the regular smokers who are customers puff some kind of Indian brand or something else purchased outside the state's system.
I just got my 2016 cigarette permission slip. It's $300 a year and for me, not a profit center, but I keep it in place as a convenience. Also cigarettes are the only product where the sales tax is added on to the wholesale price and then you deduct it on your quarterly return.
All about the money ? Seems to be, but there is a lesson in elasticity here. You can raise taxes, but there's a point where the market seeks and finds other solutions....And none of this counts all the expense of looking for people leaving the res with too many butts.
Millions up in smoke: NY has nation's highest cigarette tax; why do so few pay it? | syracuse.com#incart_m-rpt-1#incart_m-rpt-1