Smokes that is.
The New York Post reports that a pack of smokes, 20 to a pack, "...has skyrocketed to $14.50 at some New York City stores thanks to a hefty new tax..."
Doing the math in my head, that makes a pack of smokes in the Empire State about 50 per cent more than in Ontario.
The cig companies reply that " 'It will provide even greater incentives for consumers to purchase contraband cigarettes to avoid paying these extremely high taxes and will cause further loss of business to New York retailers selling state-taxed cigarettes,' David Sutton [of Phillip Morris] told CNNMoney.com."
WFDS
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