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Told You So!

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A couple of posts ago, we reported on how California is considering a tax on beer. Of course California last year levied a 45% tax on cigar sales made from California retailers to California residents and we were joking around as to what would be next? Big Mac tax, etc? We were not very far off on this one!

New Jersey seems to not wanting to be left out of the fun of taxing individual items that their residents consume, so they are now considering a tax on fast food! Go here to read the full text of the article. And beware…..

Our take: This is just the beginning of how various governments will try to induce our behaviors through the tax code.

HumidorVault!

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