en     ru     jp
 
 
private banking
private banking
private banking
private banking
private banking
private banking
private banking
     
 
Home
      
Knowledge Base
      
Financial Glossary
      
Sin Tax
       
 
Back

Sin Tax

 Search definitions     
  Search  

Sin Tax
A state-sponsored Tax that is added to products or services that are seen as vices, such as alcohol, tobacco and gambling.
    
These type of taxes are levied by governments to discourage individuals from committing such activities without making the use of the products illegal. These taxes also provide a source of government revenue.
    
Sin taxes are typically added to liquor, cigarettes and other non-luxury items. State governments favor sin taxes because they generate an enormous amount of revenue and are usually easily accepted by the general public because they are indirect taxes that only affect those who use the products. When individual states run deficits, the sin Tax is typically one of the first taxes recommended by lawmakers to help fill the budget gap.
Posted by  Privatebanking.com
 
  Back  
  Print  
  Email  

 

private banking
Get Adobe Flash Player to view the media
FlashPlayer required to view the media
private banking
private banking
private banking
private banking
private banking

 
Home News Library Newsletters Event Calendar Advertise About Contact FAQ
Privacy Policy     Terms of Service
 

©