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The Round Table
Massive pipe tobacco and cigar tax increases
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<blockquote data-quote="Ranger107" data-source="post: 564116" data-attributes="member: 4357"><p>I read some different numbers but it's still absurd. Current federal tax on tobacco is $2.83 per pound. The proposal I read online said the increase would be 1600 to 1700%. However, even if that is true about the lower numbers, that is a $48+ tax per pound. Which means in many instances we would pay more in tax than we pay for the tobacco. Totally ridiculous. What other commodity is taxed at a value higher than it's retail cost? Yes, we all need to contact our representatives. Wonder if we could get them to increase our SS by 1600%??</p></blockquote><p></p>
[QUOTE="Ranger107, post: 564116, member: 4357"] I read some different numbers but it's still absurd. Current federal tax on tobacco is $2.83 per pound. The proposal I read online said the increase would be 1600 to 1700%. However, even if that is true about the lower numbers, that is a $48+ tax per pound. Which means in many instances we would pay more in tax than we pay for the tobacco. Totally ridiculous. What other commodity is taxed at a value higher than it's retail cost? Yes, we all need to contact our representatives. Wonder if we could get them to increase our SS by 1600%?? [/QUOTE]
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Massive pipe tobacco and cigar tax increases
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