Sin Tax

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Related to Vice tax: sin tax

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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References in periodicals archive ?

The "vice taxes" were also left untouched by the Chancellor, and motorists will also be thankful that fuel duty also remain unaltered.

Even the optimists had expected bad news

"The so-called vice taxes," Craig Polewaczyk said, while enjoying a beer at Tara's Pub on Green Street, are "infringing on peoples' rights." Like most of those who weighed in on the topic, the 37-year-old roofer said, "I'd rather see casino gambling."