Mountain Biking - A question of ethics

I'm planning to visit a friend at Princeton early in the new year. I've also been thinking about picking up a Kona Cinder Cone. Considering the American Dollar is sinking faster than it's civil liberties are disappearing, would it make sense to try to buy one there and smuggle it across the border? Is there anything besides Customs officials I'd have to worry about?
The Canadian MSRP for a CC is 1100$ After taxes, it would be 1265$.
The American MSRP is 849$. Assuming a 84-cent CND (though that's a conservative estimate, as it's probably only going to go up), it comes to 1000$ CND. I'd be saving over two hundred dollars and on a bike I'm probably going to buy anyway. This is assuming there aren no sales taxes (not included in the price) in either NY or NJ? Anyone?
There are a few things buying local has going for it. For starters, it's legal. Secondly, the LBS is four blocks from my house. It's a fairly small place and they've never done me wrong. In fact, they've always seemed pretty great about my two wheeled issues. Finally, the LBS offers free minor servicing. While I intend to learn to fix most of my own rig, I couldn't do it now and being able to drop it off for ten minutes while they tinker for free does sound appealing.
So...
Is it worth giving up a hell of a lot of convenience for 265$?
OR
Is 265$ a fair price to ensure prompt and quality servicing and to support my LBS?

I would try to smuggle it over lol, but thats because I do all my own work to my bike, and Im as tight git, only do it if your confident that you'll be able to do it, you dont want it confiscated at the border do you :)

I would support your local shop. Many times you can get extra "deals" with your bike if you buy it at a local shop, upgrades on parts for cheap etc. I bought my bike at the local bike shop and have been back MANY times in the last few months to get services and small repairs and they have always just said no charge...with my old steed that wouldn't have been the case. So you definetly gain for yourself and you support your local biking community.

my 2¢

s.

How would they be able to tell that you bought it in the US? Couldn't you just pretend that you went on a biking trip? My LBS is really expensive, so I end up buying most of my stuff online. I like doing all the work myself though. I'd go for the cheaper option if you're willing to do your own repairs.

The only state without sales tax in the US, as far as i know, is Delaware.

How about this:

Buy it in the US, bring it over legally e.g. declare it, and than pay the necessary duties. If you stay over 24 hours, your limit jumps to $500 and you're only taxed on the remaining 3! Or just stay for one day, and you'll probably save around $100 CAD (legally) and if you stay 2 ($150)

The only state without sales tax in the US, as far as i know, is Delaware.

New Hampshire as well.

And Oregon, but that's a little out of the way

Thanks y'all. I think I'm going with my LBS. I'll wait until Janurary or February to see if any sales pop up, because it's not like I'll be riding before that.

I'd say it's worth it in the end to support your LBS whenever possible. You develop a relationship that always ends up helping you in the end.