Sin tax
A sin tax (also known as a sumptuary tax, or vice tax) is an excise tax specifically levied on certain goods deemed harmful to society and individuals, such as alcohol, tobacco, drugs, soft drinks, sugar, fast foods, fat, meat, gambling, vaping, cannabis (wherever legal for recreational use) and pornography.
From Wikipedia, the free encyclopedia Not to be confused with syntax. A sin tax (also known as a sumptuary tax, or vice tax) is an excise tax specifically levied on certain goods and services deemed harmful to society and to individuals,[1] such as alcohol, tobacco, drugs, soft drinks, sugar, fast foods, fat, meat, gambling, vaping, cannabis, and pornography.[2] In contrast to Pigouvian taxes, which aim to pay for the damage to society caused by harmful products, sin taxes increase the price in an effort to decrease the use of these products. Increasing a sin tax is often more popular…
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