Go Back   Cigar Weekly Community Forums and Discussion Groups > Smoking Post > Cigar Talk

Cigar Talk A place for cigar enthusiasts to discuss our hobby, legal cigars and related stuff.

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
Old 02-04-2013, 06:03 AM   #1
dz130
Herf Meister
 
dz130's Avatar
 
Join Date: Oct 2003
Location: Out of KSA FINALLY!
Posts: 7,834
Another Tax Attempt

Just read this on a Herman Cain newsletter I get. What a frigging pain in the ass.

CONGRESS - A group of Democratic senators introduced a bill Thursday that would close tax loopholes for tobacco companies, generating $3.6 billion in revenue over 10 years.
Democratic Sens. Dick Durbin (Ill.), Frank Lautenberg (N.J.) and Richard Blumenthal (Conn.) introduced the Tobacco Tax Equity Act, S. 194, which would close tax loopholes that allow tobacco companies to avoid the federal cigarette and roll-your-own tobacco tax, by making taxes on pipe tobacco equivalent to cigarette tobacco.
The senators said that closing loopholes in the tobacco tax code would generate roughly $3.6 billion over 10 years.
Currently, small cigars and roll-your-own tobacco products are taxed at the same level as cigarettes but cigars, smokeless tobacco and pipe tobacco are taxed at a lower rate. S. 194 would make sure that all tobacco products are taxed the same as cigarettes, which have the highest tax level.
Currently, the total federal cigarette tax is $1.01 per pack of cigarettes. Revenue from this tax is used to fund the Children’s Health Insurance Program (CHIP), which provides much-needed medical care for our nation’s low-income, uninsured children.
__________________
Doug


Finally out of the sandbox.

If I say Corona, I ain't talking beer.

RIP Ed Toner
dz130 is offline   Reply With Quote
 

Bookmarks
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
mooch attempt DCarp Cigar Talk 5 07-31-2004 03:41 PM


All times are GMT -8. The time now is 02:33 PM.