Monday, May 6, 2013

How to Make a Quick $1,944,000

Become a black marketeer. According to CNN:
 Buy a truckload of cigarettes in Virginia and sell them in New York.

Yeah, it's illegal. But that's how much can be made from selling a tractor trailer's worth (that's 800 cases, each holding 600 packs of cigarettes) of low-tax Virginia cigarettes in high-tax New York, based on estimates from the Bureau of Alcohol, Tobacco, Firearms and Explosives.

In 2011, more than 60% of all cigarettes sold in New York were smuggled in from another state, according to the Mackinac Center for Public Policy[...] 

The Virginia-New York corridor is perhaps the most popular, as the big difference in taxes and the states' close proximity make it an attractive route for criminals. In Virginia, the state taxes are 30 cents. In New York, they're $4.35. New York City tacks on an extra $1.50, taking the tax bill to $5.85 per pack -- the highest rate in the nation.

1 comment:

  1. That's actually a pretty good idea. Just don't get greedy and bring it all in one shipment.