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March 25, 2014

"The boom in smuggling to avoid cigarette taxes"

Yet another example of the ill effects of higher taxes.

More than half of the cigarettes sold in New York State are smuggled in from other places to avoid the Empire State's taxes on smokes, which have soared nearly 200 percent since 2006, according to a report issued by the conservativeTax Foundation.

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Jack PQ

Maybe policymakers could use a refresher lecture on price elasticity. They might learn a thing or two.

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