The price of cigarettes are going to be at least $11.00 a pack in New York beginning July 1st. The New York state Legislature just passed a resolution adding additional $1.60 to the price of cigarettes which will bring the total amount of taxes to $6.85 a pack. New York leads the way with the most taxes on cigarettes in the entire country by far. The additional $1.60 is expected to raise an additional $290 million dollars to help combat the 9.2 Billion dollar short fall New York State is facing with its budget. The state who comes in second with the highest cigarette taxes is Rhode Island with $3.46 a pack. According to the American Heart Association this additional tax is going to make at least 100,000 people quit smoking in New York. Smokers seem to be a fast growing minority and the new tax is helping them quit at a faster rate and creating more revenue for the state, this seems to be a win win for New Yorkers. Do you think there should be a limit or a cap on the amount you can keep on taxing Cigarettes? Are smokers being taking advantage of why don’t they add these additional taxes on fast food and the like? I don’t smoke for all the obvious reasons but it does seem that smokers are easy targets for tax hikes.
NY Daily news - http://www.nydailynews.com/news/2010/06/22/2010-06-22_nail_in_coffin_legislature_oks_raising_cig_tax_160_to_us_high_435_a_pack.html#ixzz0raaf1Ptg