To: Gabz
Not true
I was just referring to the $21 million mentioned in the article. It is true that the state gets the rest of that $21 million after the City takes its $12.3 million.
56 posted on
08/06/2002 8:19:18 AM PDT by
BikerNYC
To: BikerNYC
I still beg to differ.
If the 15 mil or so packs of cigarettes sold in NYC with a 1.50 per pack tax generated $21 million, those same 15 million packs generated an additional $21 million for the state which also has a 1.50 per pack tax.
The city's tax and the states tax are the same - therefore will generate the identical revenue for each entity.
59 posted on
08/06/2002 8:25:22 AM PDT by
Gabz
To: BikerNYC
No, I think you are misunderstanding. There is a 1.50/pack NYC tax and 1.50/pack NY State tax for a total of $3.00/pack. Both NYC AND NYS each received ~21million by simple math.
67 posted on
08/06/2002 8:47:14 AM PDT by
rb22982
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