California Cigar smokers, get ready for the hit.
May 19, 2021 17:02:39 GMT -5
fadingdaylight, Ronv69, and 4 more like this
Post by trailboss on May 19, 2021 17:02:39 GMT -5
www.cigaraficionado.com/article/california-cigar-tax-to-increase-in-july
I find it ironic that four days into July we celebrate our independence from Britain, but on the first day of July Californian's are burdened by a tax that really is setting chains upon the neck. Knowing how the crowd in Sacramento thinks, I am sure that it is just a matter of time before increased taxation on pipe tobacco will follow.
Anytime that government chooses to raise taxes for something like this, they are ripping your life from you.
Every dime you earn is by the work you produce...that is time out of your life on the job, all our days are numbered. When these idiots raise your taxes on something that really is none of their business, they are stealing dollars from your time on the company clock, and hours that you will never get back.
Just my opinion.
Cigar smokers in the Golden State will have to reach a little deeper into their pockets this summer as the California Department of Tax and Fee Administration (CDTFA) has increased the state’s tobacco tax by 11.5 percent. The tax hike will go into effect on the first of July.
According to a notice on the CDTFA’s website, the tax is “equivalent to the combined rate of tax imposed on cigarettes.” For cigars, that means that the tobacco tax in California has increased from the 56.93 percent of the wholesale price that was implemented July 1, 2020, to 63.49 percent of the wholesale price.
Every year, the CDTFA is required to reevaluate its tax rate for “Other Tobacco Products” (OTP) and determine whether or not to increase the taxes. Cigars fall into the OTP category, which includes pipe tobacco and snuff, although cigarettes do not fall under OTP classification and are taxed differently.
As it has in previous years, the new tax will go into effect on July 1 and will expire June 30 of the following year to be reevaluated by the CDTFA and may go up or down.
According to a notice on the CDTFA’s website, the tax is “equivalent to the combined rate of tax imposed on cigarettes.” For cigars, that means that the tobacco tax in California has increased from the 56.93 percent of the wholesale price that was implemented July 1, 2020, to 63.49 percent of the wholesale price.
Every year, the CDTFA is required to reevaluate its tax rate for “Other Tobacco Products” (OTP) and determine whether or not to increase the taxes. Cigars fall into the OTP category, which includes pipe tobacco and snuff, although cigarettes do not fall under OTP classification and are taxed differently.
As it has in previous years, the new tax will go into effect on July 1 and will expire June 30 of the following year to be reevaluated by the CDTFA and may go up or down.
Anytime that government chooses to raise taxes for something like this, they are ripping your life from you.
Every dime you earn is by the work you produce...that is time out of your life on the job, all our days are numbered. When these idiots raise your taxes on something that really is none of their business, they are stealing dollars from your time on the company clock, and hours that you will never get back.
Just my opinion.
