NEW YORK CIGAR TAX INCREASES TO 75 PERCENT

From Charlie Minato of Halfwheel. Oct 1st 2020

Cigars sold in the state of New York will now be much more expensive.

The tax paid on cigars has increased from an effective rate of 28.5 percent of the wholesale price to 75 percent. For context, a cigar with an MSRP of $9.50 likely retailed for around $12.21 under the old tax system. It will now increase to $16.63 before sales tax.

You can read the rest of the article on the Halfwheel website….