July 05, 2008

CIg Inventory Tax

Juts got my letter in the mail on the cigarette tax. After July 1st, all cigs that we order have the increased tax included, but the ones in the racks did not. We had to take an inventory, approximately 100 cartons.

We have to take that times that by 10 packs and then times that by the extra $1.00 per pack tax and we owe $1,000. We have twenty days to mail it in. Consider every outlet in the state needs to do that, there will be a bump in the July collections.

A true barometer will be the November collections. Tell you right now I have already seen a big drop in cig sales, why? I have decided that it is because of summer vacation and people are either going or know someone that is going to the beaches in NewHampshire and.or Maine and are buying cigs.

How can anyone, who voted in favor of this tax consider themselves pro-small business or to be business friendly?

1 comment:

Anonymous said...

How many merchants will claim they only have 50% of the cigs in stock that they really have, and pocket the $1/pack on the other half?