S-CHIP Required Reading

BarneyBandMan · 01-29-2009, 02:26 PM

In talking with my local B&M owner yesterday, he said the cigar manufacturers are looking at all kinds of ways to keep this tax effect to a minimum. For example, he said he's talked to some reps who were indicating that some manufacturers were looking at breaking down the actual cost of a box of cigars in order to reduce the effective actual cost of the tobacco in the box alone and thus reducing the effect of the pass-along tax.

For example, a box of premiums tubos consists of a few dollars worth of wood for the box, the glass for the tubes, etc.--trying to do what ever they could to identify the exact price/value of the tobacco in the box alone and then pay the tax based on that, not the entire package.

He seemed to think it was a possibility to do that. I don't know, but thought I'd pass it along for

01-29-2009, 02:26 PM	#3
BarneyBandMan Owner - Club Deck Join Date: Oct 2008 Location: On the Deck Posts: 126 Trading: (1)	Re: S-CHIP Required Reading In talking with my local B&M owner yesterday, he said the cigar manufacturers are looking at all kinds of ways to keep this tax effect to a minimum. For example, he said he's talked to some reps who were indicating that some manufacturers were looking at breaking down the actual cost of a box of cigars in order to reduce the effective actual cost of the tobacco in the box alone and thus reducing the effect of the pass-along tax. For example, a box of premiums tubos consists of a few dollars worth of wood for the box, the glass for the tubes, etc.--trying to do what ever they could to identify the exact price/value of the tobacco in the box alone and then pay the tax based on that, not the entire package. He seemed to think it was a possibility to do that. I don't know, but thought I'd pass it along for __________________ "The only true currency in this bankrupt world... is what you share with someone else when you're uncool."