Wednesday, July 18, 2007
WTF- Cigarmakers in a panic
This is a MAJOR WTF: the government is really getting out of hand. I am wondering what is next. tax this tax that.
Business: Cigarmakers in a panic: "Eric Newman punches the numbers on his calculator and gapes at the results one more time.
It's no mathematical error: The federal government has proposed raising taxes on premium cigars, the kind Newman's family has been rolling for decades in Ybor City, by as much as 20,000 percent.
As part of an increase in tobacco taxes designed to pay for children's health insurance, the nickel-per-cigar tax that has ruled the industry could rise to as much as $10 per cigar.
'I'm not sure in the history of man, since our forefathers founded the country in 1776, that there's ever been a tax increase of 20,000 percent,' said Newman, who runs the Tampa business founded by grandfather Julius Caesar Newman. 'They had the Boston Tea Party for less than this.'"
More info at Cigar Afcionado
Business: Cigarmakers in a panic: "Eric Newman punches the numbers on his calculator and gapes at the results one more time.
It's no mathematical error: The federal government has proposed raising taxes on premium cigars, the kind Newman's family has been rolling for decades in Ybor City, by as much as 20,000 percent.
As part of an increase in tobacco taxes designed to pay for children's health insurance, the nickel-per-cigar tax that has ruled the industry could rise to as much as $10 per cigar.
'I'm not sure in the history of man, since our forefathers founded the country in 1776, that there's ever been a tax increase of 20,000 percent,' said Newman, who runs the Tampa business founded by grandfather Julius Caesar Newman. 'They had the Boston Tea Party for less than this.'"
More info at Cigar Afcionado
Labels: cigars, National Politics, News, tabacco, WTF
