Friday, July 31, 2015
5th Ave Cigarette Store in Bay Ridge, Brooklyn is no longer in business.
We loved this #vintage #sign but figured one of the reasons for the store's demise was the fact that New York has the highest #cigarette tax in the country and New York City taxes are even higher. These high cigarette taxes which significantly raised the price on a pack has helped decrease the smoking rate especially among young people, which is a good thing. In 1997, the average price in NYC for a pack of cigarettes was $2.10 and now, less than 20 years later the average price is between $12 to $14.
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