[bigb]

Originally Posted by Lil bastard

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It will equal 52.75% of the manufacturer's price (capped at $40.26 per cigar - cigars of $80 or more). This is a 32.05% increase over the current tax and is retroactive to all existing shop inventories as of 12:01am on 4/1/09.

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If I understand the above correctly, then the 32.05% increase over the current tax means that the current tax rate is ~40% of the manufacturer's price? So, to take your example, on a cigar costing $80, the current tax is ~$32, while the tax under the new code will be ~$40?

Just trying to clarify what the numbers mean