July 18th 2007
from the R.T.D.A. ( Retail Tobacco Dealers of America )
" As some of you may already know, the United States Senate is currently considering legislation that will excesively Tax all premium tobacco products. The proposed taxes in the current Senate Finance Committe proposal to fund expansion of the State Childrens Health Insuarnce Program (SCHIP) soley through higher tabacco taxes will have a draconian impact on the cigar industry. Indeed, it is the biggest threat to the industry since President Clinton's proposal in the early 1990s to fund universal health care on the back of the tabacco industry.
Under the current proposal, the large cigar tax rate would increase 156.4% ( from 20.719% to 53.13% of the manufacturer's selling price ) and the current tax cap would of around $0.05 per cigar would increase to an astounding 20,413% to $10 per cigar - essentially making the cap irrelevant. All large would effectively be taxed at 53.13% of the manufacturer's selling price. IN ALL OF THE INTERNAL REVENUE CODE, NO OTHER PRODUCT IS SUBJECT TO AN EXCISE TAX THAT APPROACHES THIS LEVEL. "
I know that this might not mean anything to alot of you, but people like myself that are in Cigar Industry, or the pholkz that just enjoy a good smoke. It's going to kill the cigar business, not to mention put people like myself out of work.
Fuccin Gov....You can contact your State Senetor and tell them this is bullshyt, or you can email [email protected] with any questions.
from the R.T.D.A. ( Retail Tobacco Dealers of America )
" As some of you may already know, the United States Senate is currently considering legislation that will excesively Tax all premium tobacco products. The proposed taxes in the current Senate Finance Committe proposal to fund expansion of the State Childrens Health Insuarnce Program (SCHIP) soley through higher tabacco taxes will have a draconian impact on the cigar industry. Indeed, it is the biggest threat to the industry since President Clinton's proposal in the early 1990s to fund universal health care on the back of the tabacco industry.
Under the current proposal, the large cigar tax rate would increase 156.4% ( from 20.719% to 53.13% of the manufacturer's selling price ) and the current tax cap would of around $0.05 per cigar would increase to an astounding 20,413% to $10 per cigar - essentially making the cap irrelevant. All large would effectively be taxed at 53.13% of the manufacturer's selling price. IN ALL OF THE INTERNAL REVENUE CODE, NO OTHER PRODUCT IS SUBJECT TO AN EXCISE TAX THAT APPROACHES THIS LEVEL. "
I know that this might not mean anything to alot of you, but people like myself that are in Cigar Industry, or the pholkz that just enjoy a good smoke. It's going to kill the cigar business, not to mention put people like myself out of work.
Fuccin Gov....You can contact your State Senetor and tell them this is bullshyt, or you can email [email protected] with any questions.
