
“More than 60 percent of cigarettes smoked in New York State, which has the highest tobacco taxes in the nation, are smuggled in from out of state and consumed tax free. New York raised its excise tax by 58% from $2.75 a pack to $4.35 in 2010, but it resulted in only a 20% increase in revenue. It’s is really good to know this underground network is in action. In addition to smokers being provided tax free cigarettes, the black market that is developing in NYS is creating a network of trusted suppliers and customers that can be operational against further government interventions that may take place down the road.”
http://www.economicpolicyjournal.com/2013/01/new-york-state-black-market-in.html
Related posts:
Ascension of Central Banker Carney Continues to Instruct Us
Bills to Require the Registration of the Buyers and Sellers of Gold and Silver Coins
Move to Puerto Rico and Pay Zero Capital Gains Tax
The Three Types of Austerity
Y Combinator-backed Coinbase now selling over $1M Bitcoin per month
Retired General: Drones Create Terrorists; Iraq War Helped Create ISIS
Texas Governor Rick Perry Signs a Pair of Bills Upholding Fourth Amendment
X-ray full-body scanners to be taken out of U.S. airports
ZipZap to Offer Cash-for-Bitcoin Service at 28,000 UK Locations
What the Passport Pitchmen Don't Tell You...
National Lawyers Guild Report Supports Further Marijuana Legalization Initiatives
EFF awards Apple, Google perfect privacy scores
Jimmy Carter Defends Edward Snowden, Says NSA Spying Has Compromised Nation's Democracy
Ron Paul's Pod Cast Nation #25 ~ More Gov't Snooping
Texas House approves bundle of radical pro-gun laws