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[ss2]

Another New Jersey Cigar Tax Increase Proposed
Last month, two bills were introduced in the New Jersey legislature that would have raised the tax on cigars from 30 percent of the wholesale price to 90 percent. Now, there’s another set of proposals, this time increasing it form 30 percent of the wholesale price to $2.70 per cigar. The two bills—A1832 and S1867—would increase the tax on other tobacco products from 30 to 68 percent, although most of the products would have more specific rates. For cigars, that would be $2.70 per cigar. A cigar with a suggested retail price of $9.50 likely retails for around $12.35 due to the tax in New Jersey. If the new tax were passed, this would increase the price to $14.90. But where the cigar is particularly crippling is to any cigar that retails for less than $5. A cigar with a suggested retail price of $4.50 likely retails in New Jersey for around $5.85, but with the new tax this could be as high as $9.90. taxes on snuff would increase from 75 cents to $2.25 per ounce, taxes on cigarillos would be 54 cents per cigarillo, while little cigars would be taxed at 13.5 cents per cigar

That's why it's good to live on the border with PA.

DE is good taxwise also.

[South Carolina Redfish]

As part of the President’s Budget for Fiscal Year 2017, a new program called Preschool for All has been proposed with funding coming from an increase in both the federal tax on cigarettes and a tax increase on other tobacco products, including cigars.

Currently the federal tax on cigarettes is $1.01 per pack, the proposed budget would see that increase to $1.95. In addition, other tobacco products, including cigars, would see their respective federal taxes increase to match how cigarettes are taxed.

For cigars, this would mean the tax rate would increase to 93.72 cents per cigar. Currently, cigars are taxed at 52.75 percent of the wholesale cost capped at 40.26 cents per cigar. This would increase to 102.2 percent of the wholesale price, capped at 93.72 cents per cigar according to information provided to halfwheel by the International Premium Cigar & Pipe Retailers Association (IPCPR).

There were 310 million large cigars imported to the U.S. in 2014, meaning it would generate $116.8 million in taxes annually. In addition, beginning in 2018 the taxes would increase 1.6 cents per year to adjust for inflation.

“The President’s proposal clearly demonstrates the disconnect between the White House and small business retailers throughout the country,” said Kip Talley, sr. director of federal affairs for IPCPR, to halfwheel. “Premium cigars are not marketed to or desired by America’s youth and should not be targeted for increased taxation. IPCPR is confident this misguided attempt at raising revenue will not be adopted by the U.S. Congress.

Which is also why they won't let the FDA muck around with the industry.  They need the tax income, they've already spent the money from their sin taxes, they really can't afford for people to quit.

Wanna bet?  That is their ultimate  goal.

It's also another wealth transference method.  Rich bastards with disposable income buying cigars.

Yep

[ss2]

Didn't check prices yet, but a nice selection of Illusione, Tatuaje and Surrogates on The Page.  Even a knife or two for NotGolfinDave.

I may be living behind the times but the Cabaiguan prices don't look too good to me.  Low on those and would like to get a few but seem too high.

Interesting that the candelas sold out already.  must have only had 1 5-pack or something.

[South Carolina Redfish]

Another New Jersey Cigar Tax Increase Proposed
Last month, two bills were introduced in the New Jersey legislature that would have raised the tax on cigars from 30 percent of the wholesale price to 90 percent. Now, there’s another set of proposals, this time increasing it form 30 percent of the wholesale price to $2.70 per cigar. The two bills—A1832 and S1867—would increase the tax on other tobacco products from 30 to 68 percent, although most of the products would have more specific rates. For cigars, that would be $2.70 per cigar. A cigar with a suggested retail price of $9.50 likely retails for around $12.35 due to the tax in New Jersey. If the new tax were passed, this would increase the price to $14.90. But where the cigar is particularly crippling is to any cigar that retails for less than $5. A cigar with a suggested retail price of $4.50 likely retails in New Jersey for around $5.85, but with the new tax this could be as high as $9.90. taxes on snuff would increase from 75 cents to $2.25 per ounce, taxes on cigarillos would be 54 cents per cigarillo, while little cigars would be taxed at 13.5 cents per cigar

That's why it's good to live on the border with PA.

DE is good taxwise also.

So is TX on cigar tax but one of the big negatives of B&M buying is the 8-10% sales tax you are avoiding online out of state but that advantage is soon to end also.  I don't buy from Cigar Federation for that very reason.

[ss2]

As part of the President’s Budget for Fiscal Year 2017, a new program called Preschool for All has been proposed with funding coming from an increase in both the federal tax on cigarettes and a tax increase on other tobacco products, including cigars.

Currently the federal tax on cigarettes is $1.01 per pack, the proposed budget would see that increase to $1.95. In addition, other tobacco products, including cigars, would see their respective federal taxes increase to match how cigarettes are taxed.

For cigars, this would mean the tax rate would increase to 93.72 cents per cigar. Currently, cigars are taxed at 52.75 percent of the wholesale cost capped at 40.26 cents per cigar. This would increase to 102.2 percent of the wholesale price, capped at 93.72 cents per cigar according to information provided to halfwheel by the International Premium Cigar & Pipe Retailers Association (IPCPR).

There were 310 million large cigars imported to the U.S. in 2014, meaning it would generate $116.8 million in taxes annually. In addition, beginning in 2018 the taxes would increase 1.6 cents per year to adjust for inflation.

“The President’s proposal clearly demonstrates the disconnect between the White House and small business retailers throughout the country,” said Kip Talley, sr. director of federal affairs for IPCPR, to halfwheel. “Premium cigars are not marketed to or desired by America’s youth and should not be targeted for increased taxation. IPCPR is confident this misguided attempt at raising revenue will not be adopted by the U.S. Congress.

Which is also why they won't let the FDA muck around with the industry.  They need the tax income, they've already spent the money from their sin taxes, they really can't afford for people to quit.

Wanna bet?  That is their ultimate  goal.

It's also another wealth transference method.  Rich bastards with disposable income buying cigars.

Yep

will only drive cigar buying off shore for all cigars, not just the ISOKW ones.

[Short stack]

@ Short stack - any chance you might be near the inlet the week of May 9th?

/ Good morning,Going to be there week of  16th for bike week

[South Carolina Redfish]

Didn't check prices yet, but a nice selection of Illusione, Tatuaje and Surrogates on The Page.  Even a knife or two for NotGolfinDave.

dr
I may be living behind the times but the Cabaiguan prices don't look too good to me.  Low on those and would like to get a few but seem too high.

Interesting that the candelas sold out already.  must have only had 1 5-pack or something.

St Pat's Day is right around the corner and they are popular then.

[South Carolina Redfish]

@ Short stack - any chance you might be near the inlet the week of May 9th?

/ Good morning,Going to be there week of  16th for bike week

Morning sir, great to hear from you.  Danggit, we are going over for Mothers Day, will be there thru the 14th and was hoping we could get together. 

[BackyardSmoker]

Morning, Folks. TGIF!

[South Carolina Redfish]

As part of the President’s Budget for Fiscal Year 2017, a new program called Preschool for All has been proposed with funding coming from an increase in both the federal tax on cigarettes and a tax increase on other tobacco products, including cigars.

Currently the federal tax on cigarettes is $1.01 per pack, the proposed budget would see that increase to $1.95. In addition, other tobacco products, including cigars, would see their respective federal taxes increase to match how cigarettes are taxed.

For cigars, this would mean the tax rate would increase to 93.72 cents per cigar. Currently, cigars are taxed at 52.75 percent of the wholesale cost capped at 40.26 cents per cigar. This would increase to 102.2 percent of the wholesale price, capped at 93.72 cents per cigar according to information provided to halfwheel by the International Premium Cigar & Pipe Retailers Association (IPCPR).

There were 310 million large cigars imported to the U.S. in 2014, meaning it would generate $116.8 million in taxes annually. In addition, beginning in 2018 the taxes would increase 1.6 cents per year to adjust for inflation.

“The President’s proposal clearly demonstrates the disconnect between the White House and small business retailers throughout the country,” said Kip Talley, sr. director of federal affairs for IPCPR, to halfwheel. “Premium cigars are not marketed to or desired by America’s youth and should not be targeted for increased taxation. IPCPR is confident this misguided attempt at raising revenue will not be adopted by the U.S. Congress.

Which is also why they won't let the FDA muck around with the industry.  They need the tax income, they've already spent the money from their sin taxes, they really can't afford for people to quit.

Wanna bet?  That is their ultimate  goal.

It's also another wealth transference method.  Rich bastards with disposable income buying cigars.

Yep

will only drive cigar buying off shore for all cigars, not just the ISOKW ones.

I will be Tub shopping myself, nothing over $10 in either of my stores and No Tax.

[South Carolina Redfish]

Morning, Folks. TGIF!

You missed it, Friday was yesterday.

[South Carolina Redfish]

Didn't check prices yet, but a nice selection of Illusione, Tatuaje and Surrogates on The Page.  Even a knife or two for NotGolfinDave.

dr
I may be living behind the times but the Cabaiguan prices don't look too good to me.  Low on those and would like to get a few but seem too high.

Interesting that the candelas sold out already.  must have only had 1 5-pack or something.

St Pat's Day is right around the corner and they are popular then.

LOL they have plenty of Candela Robustos just out of Churchills, guess the St Pat's drunks like long cigars.  At least TWSS.

[Threebean]

Didn't check prices yet, but a nice selection of Illusione, Tatuaje and Surrogates on The Page.  Even a knife or two for NotGolfinDave.

Those are both very serious looking!

Since the "incident" this is a serious looking knife to you.

[BackyardSmoker]

Didn't check prices yet, but a nice selection of Illusione, Tatuaje and Surrogates on The Page.  Even a knife or two for NotGolfinDave.

Don't know what the Atlantic discount is, but the Tat Black PL 5ers are a few dollars under the Famous-catsrule price... plus, Free Shipping!

[ss2]

Another New Jersey Cigar Tax Increase Proposed
Last month, two bills were introduced in the New Jersey legislature that would have raised the tax on cigars from 30 percent of the wholesale price to 90 percent. Now, there’s another set of proposals, this time increasing it form 30 percent of the wholesale price to $2.70 per cigar. The two bills—A1832 and S1867—would increase the tax on other tobacco products from 30 to 68 percent, although most of the products would have more specific rates. For cigars, that would be $2.70 per cigar. A cigar with a suggested retail price of $9.50 likely retails for around $12.35 due to the tax in New Jersey. If the new tax were passed, this would increase the price to $14.90. But where the cigar is particularly crippling is to any cigar that retails for less than $5. A cigar with a suggested retail price of $4.50 likely retails in New Jersey for around $5.85, but with the new tax this could be as high as $9.90. taxes on snuff would increase from 75 cents to $2.25 per ounce, taxes on cigarillos would be 54 cents per cigarillo, while little cigars would be taxed at 13.5 cents per cigar

That's why it's good to live on the border with PA.

DE is good taxwise also.

So is TX on cigar tax but one of the big negatives of B&M buying is the 8-10% sales tax you are avoiding online out of state but that advantage is soon to end also.  I don't buy from Cigar Federation for that very reason.

true, but not having a sales tax definitely helps at the B & M.   I think there is a 15% sin tax on the wholesalers, and so we are paying a tax, but at least we're spared the 6-10% sales tax insult that most have to endure.