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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (782458)	4/28/2014 8:00:51 PM
From: Brumar89	Respond to of 1576600

There IS a booming black market in cigarettes. Bentway just doesn't know how much money can be made in cigarette smuggling. A majority of smokes sold in NY are illegally smuggled in.

To: bentway who wrote (782458)	4/28/2014 8:51:54 PM
From: Tenchusatsu	Read Replies (2) \| Respond to of 1576600

Bentway, If that were true, Tim, there'd be a booming black market in cigarettes. I just Googled "black market cigarettes." Seems like it is indeed a growing problem. Tenchusatsu

To: bentway who wrote (782458)	4/28/2014 9:25:12 PM
From: TimF	Respond to of 1576600

There is a black market in cigarettes. - ------------ New York has the highest cigarette tax rate of any state, and nearly two-thirds of the state's cigarette market is illegal, announced the think tank Tax Foundation on Thursday. The Tax Foundation said that 60.9% of cigarettes sold in New York State are smuggled in from other states. This makes New York the biggest importer of black market cigarettes, along with the state's highest tax rate of $4.35 per pack. That's compared to Missouri, the state with the lowest rate, of 17 cents per pack. In New York City the tax rate is even higher, adding another $1.50 per pack to the state rate. It's not uncommon for smokers to pay $12 for a pack. The report said that tobacco smuggling and the tax rate have risen practically in tandem since 2006. The New York State tax on cigarettes has risen 190% since that time, as the rate of smuggling increased 170%... money.cnn.com