Can anyone here find some dates on this proposed legislation? Like when it hits the floor, when it will be voted on?
2100% Increase On Pipe Tobacco Date?
- Thread starter Effortlessdepths
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Not sure exactly, but you can bet it will be closely correlated with the noticeable uptick in alcohol consumption for the majority of the forum's constituents. ?
No, that's just inflation.
The fact that that price came from a set of Insanus pipes makes it entirely applicable.?No, that's just inflation.
It was marked up by the Ways and Means Committee last Saturday the 25th and it's part of the gigantic $3.5 trillion budget plan that the Dems are trying to pass via reconciliation. See section 138504(e) of the bill: https://www.congress.gov/bill/117th-congress/house-bill/5376/text . Pelosi is toying with when to introduce it to the floor based on how Democratic leverage is over the moderates in relation to voting on the $1 trillion infrastructure bill, which she plans on introducing to the floor tomorrow after brow-beating moderates into submission (why can't we have more moderates??).
So to all of you that keep repeating that this bill gets introduced every year and not to worry because it's never been introduced to the floor, it's very much about to be introduced to the floor since it's made it out of the Ways and Means Committee. All that's keeping it from the floor at this point is Pelosi's decision on when to introduce it for a vote and whether negotiations can cause further edits to be made.
2100% ???. What would the price of a 50g tin be?
Whether this crazy number comes into force or not it seems cellaring what you can is the smart option.
I've been gradually building my cellar up over the last 4 years or so. I haven't bought many pipes because i've been using any spare cash to buy tobacco.
I've got around 36lb now which is plenty for my modest needs. A few tins here, some bulk there and it can soon add up.
Whether this crazy number comes into force or not it seems cellaring what you can is the smart option.
I've been gradually building my cellar up over the last 4 years or so. I haven't bought many pipes because i've been using any spare cash to buy tobacco.
I've got around 36lb now which is plenty for my modest needs. A few tins here, some bulk there and it can soon add up.
2100% isn't correct. It's 1,751%. It would go from $2.8311 per lb to $49.56 per lb. The total cost for a 50g tin will depend on the state you live in still, but the price will go up $5.15 --- i.e., 50g * (( 49.56 - 2.8311 $/lb)/453.592 g/lb). A 100g tin would go up $10.30 --- i.e., 100g * (( 49.56 - 2.8311 $/lb)/453.592 g/lb) = $10.30.
As for date it's applicable, I think the beginning of the quarter after the bill is passed, if it's passed. Here's the language from the bill:
(1) In general.--Except as otherwise provided in this
subsection, the amendments made by this section shall apply to
articles removed in calendar quarters beginning after the date
of the enactment of this Act.
I don't understand other people's math on the 1651% number. I get 1751% when I divide $49.56 by $2.8311. I think someone mistyped 1651%.
If someone doesn't want to do math, a 2 oz tin would go up by $5.84 --- i.e., 2 oz * ((49.56 - 2.8311 $/lb)/16 oz/lb)
As I understand it, the current US federal (each state also has its own separate tax) tax rate for pipe tobacco is $2.8311 a pound, not very much.
The current rate for RYO is $24.78 a pound.
The proposed new rates for both are equalized at $49.56 a pound, a huge increase for pipe tobacco, not so much for RYO, relatively speaking. (I have no idea how anyone came up with the 2,100% number)
If the RYO manufacturers hadn't started selling their wares as "pipe tobacco," the rate for pipe tobacco may have stayed under the radar.
The current rate for RYO is $24.78 a pound.
The proposed new rates for both are equalized at $49.56 a pound, a huge increase for pipe tobacco, not so much for RYO, relatively speaking. (I have no idea how anyone came up with the 2,100% number)
If the RYO manufacturers hadn't started selling their wares as "pipe tobacco," the rate for pipe tobacco may have stayed under the radar.
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1651% is the increase from $2.8311 to $49.56, i.e. (49.56-2.8311)/2.8311. It's still not 2,100%
I see this going through, but hope it doesn't.
Not as bad as I envisioned, but still pretty hideous.
Not as bad as I envisioned, but still pretty hideous.
it would certainly have. Funny fact they tried the same thing a few decades ago because of rolly tobacco sold under the pipe tobacco banner. It didn't go through and that time the other side of aisle was pushing for it.
Basically another reason that one of the biggest dangers to pipe smoking is relative obscurity. If we where a more visible block this collateral damage would not be happening. Heck there where cheap cigs back in the day that where sold as cigars but they where cheap cigs. Cigars have a high enough profile to not get caught up in this shit storm.
Been my tactic too for about 2.5-3 years now
Right, but try dividing 49.56 by 2.8311. It's 17.51, not 16.51. Just an error that's propagated through the whole Internet discussion of this bill.
It's impossible to explain why, without getting political, but as of right now it doesn't look like the reconciliation bill is going to pass. The deal that was in place to pass it has been ripped up.
In line with that and some good news for the (hopeful) demise of at least the Tobacco Equity Act portion of the budget bill:
The Star of Wednesday's Episode of 'How Nothing Gets Done' Is Senator Kyrsten Sinema
Joe Manchin seems to be negotiating. Sinema seems to be playing mumblety-peg with the Biden administration.
www.esquire.com