Quote:
Originally Posted by borndead1
The thing about the S-CHIP tax is that it did NOT include a "floor tax". Retailers do not have to retro the tax on stock they already have.
Basically, the next time they order (insert brand here) cigars from the manufacturer, the price will reflect the new tax increase.
Clear as mud?
What I'm saying is that anybody who automatically raised prices on inventory they already have is a sheister. We shouldn't have seen automatic price increases on April 1st.
Famous Smoke Shop will be getting more business from me.
JR will never get my business again.
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Quote:
Originally Posted by rizzle
Absolutely correct. One of my locals is taking that approach, the other raised automatically. Guess who gets my biz?
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In talking with Mike (Azon cigars) he told us that many brands have already increased thier prices as of a month or two back ( I believe Patel and Drew Estates were some of the first). So while s-chip went into affect on 4/1, many retailers were already paying a higher price.
Ill see if Mike can chime in here with more info.
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