Re: Cigar excise tax broken down state by state
The local B&M here charges 17% on the sticker price, not the wholesale price. Hmmm...dipping into pockets.
I grabbed a $7.50 stickered LFD maduro chiselito - and it rang up at $9.34! For some, not bad...for me, too much! They charge the 17% plus an addition 6.5% Ohio sales tax. Total = 23% mark-up on every stick.
I asked how they compete with internet prices. He said they can't, but all of us are supposed to be paying an ohio usage tax...meaning, we send the government 17% above everything we buy on-line to shi[ into Ohio.
Not sure most folks even know that usage tax exists, let alone pay it.
Makes it pretty tough to enjoy a cigar. But, what are ya going to do?
M
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