Home > Uncategorized > Summertime… And the Taxes Are High

Summertime… And the Taxes Are High


Yesterday was June 1, and all the new laws comprising the state budget went into effect, including several new taxes. After all, what better way to relieve a recession than by raising the cost of living and discouraging spending?

The state raised its share of the cigarette tax to $2.75 from $1.50. Combined with the city’s $1.50 a pack, these taxes are now $4.25 or 50% of the $8.50 average cost for a pack of smokes. But — all together now — it’s for you own good.

This week also marks the beginning of sales tax on purchases at Amazon.com and certain other online retailers. Overstock is pulling a virtual Atlas Shrugged and just dumping their New York affiliates, which constitute the retailers’ supposed “physical presence” in the state and thus the basis for charging a sales tax.

Personally, I suspect our legislators just hate readers.

Advertisements
  1. No comments yet.
  1. June 8, 2008 at 6:37 am

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: