Pshaw...Middle-Classers Don't Need Pleasurable Hobbies
Prepare for the price of your average smoke to shoot up....TEN DOLLARS. So, think typically a cigar goes for $5; if I'm doing my math correctly here....you are looking at $15 for a middle-of-the-road cigar. Fantastic. A 20,000% increase. Luckily we have Norm Sharp of the Cigar Association of America staying on top of the news and fighting on behalf of the American smoker..... [emphasis mine]
UPDATE: Uh...Thanks to Bobbo in the comments, who actually reads and then comprehends what he read; I'm going to walk back from my hysteria a bit. The $10 is a cap with the tax rate being raised to 53%. From there you can do the math and realize that the $10 number would be rarely met. It's still a massive increase from a nickel, but clearly I have no idea what I'm talking about so read Jacob Sullum's post on it from today and tune back in when I'm rambling about bestiality or pornography -- something that I do know about.
Newman's eyes and ears in Washington, Norm Sharp, president of the Cigar Association of America, was dumbfounded when the legislation went public Friday.Whew. No need to worry here folks, sounds like we have the A-Team working on this one...Full article here. Via TheAgitator.
"I thought there was a typo. I thought they meant 10 cents per cigar, not $10 per cigar. I was stunned like everyone else," Sharp said.
UPDATE: Uh...Thanks to Bobbo in the comments, who actually reads and then comprehends what he read; I'm going to walk back from my hysteria a bit. The $10 is a cap with the tax rate being raised to 53%. From there you can do the math and realize that the $10 number would be rarely met. It's still a massive increase from a nickel, but clearly I have no idea what I'm talking about so read Jacob Sullum's post on it from today and tune back in when I'm rambling about bestiality or pornography -- something that I do know about.


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