Sin Tax


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Sin Tax

A tax on a good or service considered socially or ethically undesirable. For example, a government may levy a tax on the sale of alcohol. A sin tax finances programs to discourage the undesirable practice (in this example, it may fund anti-teen drinking programs). However, a sin tax may simply be a way for a government to generate revenue from something people are expected to do anyway.
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The effects of these two forces are seen, as discussed, in the recent rapid growth of lobbying and political campaign contributions by what we call the "sindustry"--namely, the producers of the goods selected for taxation as well as the individuals and groups that either will be harmed by or will benefit from sin tax policy changes.
The truth of the matter is not that tobacco tax revenues are suffering because of the rollback of the last increase; rather our residents are cutting back and simply not spending as much money on these sin tax items, across the board.
In a 2009 study, they wrote: "The assumption is that this sin tax would reduce caloric intake because consumers would stop drinking high-calorie drinks and/or switch to lower-calorie drinks.
Our second biggest market in Africa is Botswana and although they have recently introduced a 40% sin tax, our brands still remain popular.
The Tobin tax can be seen as a form of sin tax -- the sin being currency market speculation," remarked Tobin proponent Thomas Palley, assistant director of policy for the AFL-CIO.
See that Bill Clinton wants to have a sin tax on cigarettes.
Nationwide, Statistics has ushered in the passage of the Sin Tax Bill in 2012, improved the quality of hospitals and health facilities, and helped in the attainment of health-related Millennium Development Goals (MDGs) 4, 5 and 6.
Bill Morrisette, D-Springfield, is one of four co-sponsors helping lead the charge to boost the state's sin tax on beer.
Nonbiodegradable household waste such as disposable nappies and plastic bags is the most popular future sin tax.
Lawmakers have filed a measure calling for a congressional inquiry into the alleged failure of the government to allocate a big part of the revenue collection from Republic Act 10351 or the Sin Tax Law to finance its universal health care program.
Kelly Cassidy (D-Chicago), would slap a 2% sin tax on ammunition sales made in the state.
Those working families raise children and provide for elderly parents, neither of which seems like an activity deserving of a sin tax.