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Sin Tax
A sin tax is an excise tax specifically levied on certain goods deemed harmful to society and individuals, such as alcohol, tobacco, drugs, candies, soft drinks, fast foods, coffee, sugar, gambling, and pornography. In contrast to Pigovian taxes, which are to pay for the damage to society caused by these goods, sin taxes are used to increase the price in an effort to lower demand, or failing that, to increase and find new sources of revenue. Increasing a sin tax is often more popular than increasing other taxes. However, these taxes have often been criticized for burdening the poor and taxing the physically and mentally dependent. Summary The enactment of sin taxes on harmful activities varies by jurisdiction. In many cases, sumptuary taxes are implemented to mitigate use of alcohol and tobacco, gambling, and vehicles emitting excessive pollutants. Sumptuary tax on sugar and soft drinks has also been suggested. Some jurisdictions have also levied taxes on recreational drugs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Excise Tax
file:Lincoln Beer Stamp 1871.JPG, upright=1.2, 1871 U.S. Revenue stamp for 1/6 barrel of beer. Brewers would receive the stamp sheets, cut them into individual stamps, cancel them, and paste them over the Bunghole, bung of the beer barrel so when the barrel was tapped it would destroy the stamp. An excise, or excise tax, is any duty (economics), duty on manufactured goods (economics), goods that is levied at the moment of manufacture rather than at sale. Excises are often associated with customs duties, which are levied on pre-existing goods when they cross a designated border in a specific direction; customs are levied on goods that become taxable items at the ''border'', while excise is levied on goods that came into existence ''inland''. An excise is considered an indirect tax, meaning that the producer or seller who pays the levy to the government is expected to try to recover their loss by raising the price paid by the eventual buyer of the goods. Excises are typically imp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Michael Joyner
Michael Joseph Joyner is an American anesthesiologist and physiologist who researches exercise physiology. Career Michael Joyner is the Frank R. and Shari Caywood Professor of Anesthesiology at the Mayo Clinic, where his laboratory has been funded continuously by the National Institutes of Health since 1993. He was Deputy Director and Associate Dean for Research at the Mayo Clinic from 2005 to 2010. He was named a Distinguished Investigator by his colleagues at the Mayo Clinic in 2010, and he received the American Physiological Society’s Walter B. Cannon Award in 2013. A fellow of the American College of Sports Medicine (ACSM), he delivered the Joseph B. Wolffe Memorial Lecture at the ACSM's 2004 annual meeting, received the ACSM Citation Award in 2009, and delivered the opening keynote at their 2018 Conference on Integrative Physiology of Exercise. An outspoken critic of reductionism in science and medicine Medicine is the science and practice of caring for a patient, mana ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cigarette Taxes In The United States
In the United States, cigarettes are taxed at both the federal and state levels, in addition to any state and local sales taxes and local cigarette-specific taxes. Cigarette taxation has appeared throughout American history and is still a contested issue today. History Although cigarettes were not popular in the United States until the mid-19th century, the federal government still attempted to implement a tax on tobacco products such as snuff early on in its history. In 1794, secretary of the treasury Alexander Hamilton introduced the first ever federal excise tax on tobacco products. Hamilton's original proposal passed after major modifications, only to be repealed shortly thereafter with an insignificant effect on the federal budget. Even though Hamilton's tax on tobacco failed, tobacco taxation continued to play an important role in American history. On July 1, 1862, the United States Congress passed excise taxes on many items including tobacco. This occurred as a result of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alcohol Law
Alcohol laws are laws in relation to the manufacture, use, being under the influence of and sale of alcohol (also known formally as ethanol) or alcoholic beverages that contains ethanol. Common alcoholic beverages include beer, wine, (hard) cider, and distilled spirits (e.g., vodka, rum, gin). The United States defines an alcoholic beverage as "any beverage in liquid form which contains not less than one-half of one percent of alcohol by volume", but this definition varies internationally. These laws can restrict those who can produce alcohol, those who can buy it (often with minimum age restrictions and laws against selling to an already intoxicated person), when one can buy it (with hours of serving and/or days of selling set out), labelling and advertising, the types of alcoholic beverage that can be sold (e.g., some stores can only sell beer and wine), where one can consume it (e.g., drinking in public is not legal in many parts of the US), what activities are prohibit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sugary Drink Tax
A sugary drink tax, soda tax, or sweetened beverage tax (SBT) is a tax or surcharge (food-related fiscal policy) designed to reduce consumption of sweetened beverages. Drinks covered under a soda tax often include carbonated soft drinks, sports drinks and energy drinks. This policy intervention is an effort to decrease obesity and the health impacts related to being overweight, however the medical evidence supporting the benefits of a sugar tax on health is of very low certainty. The tax is a matter of public debate in many countries and beverage producers like Coca-Cola often oppose it. Advocates such as national medical associations and the World Health Organization promote the tax as an example of Pigovian taxation, aimed to discourage unhealthy diets and offset the growing economic costs of obesity. Design Tax design approaches include direct taxes on the product and indirect taxes. Indirect taxes include import/export taxes on sugar or other ingredients before it has ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paternalism
Paternalism is action that limits a person's or group's liberty or autonomy and is intended to promote their own good. Paternalism can also imply that the behavior is against or regardless of the will of a person, or also that the behavior expresses an attitude of superiority. Paternalism, paternalistic and paternalist have all been used as a pejorative for example in the context of societal and/or political realms and references. Some such as John Stuart Mill think paternalism to be appropriate towards children, saying: Paternalism towards adults is sometimes thought of as treating them as if they were children. Etymology The word ''paternalism'' derives from the adjective ''paternal'', which entered the English language in the 15th century from Old French ''paternel'' (cf. Old Occitan ''paternal'', as in Catalan, Spanish and Portuguese), itself from Medieval Latin ''paternalis''. The classical Latin equivalent was ''paternus'' "fatherly", from ''pater'' "father". Types ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Müskirat Resmi
Müskirat resmi was a tax on alcohol in the Ottoman Empire. Strictly speaking, the Islamic law forbade alcohol, so there were no alcohol taxes in the early empire. However, the Ottoman Empire acquired increasingly large non-Muslim populations, and inherited the taxes and customs of conquered territories; so in the seventeenth century an alcohol tax for non-Muslims was inaugurated. There were, subsequently, complex changes to taxation of alcohol (and in some cases taxes were abolished or replaced with something else, only to be re-established later); but these different taxes were generally all known as müskirat resmi. Tax farming usually allowed tax collection to be done by a non-Muslim contractor, to avoid the need for a Muslim civil servant to be directly involved in the alcohol trade. There was also a '' zecriye resmi'' – a tax on "prohibited goods" – applied to alcohol sold in markets in the eighteenth century. Müskirat resmi persisted in the tanzimat era; the Ministr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Meat Tax
A meat tax is a tax levied on meat and/or other animal products to help cover the health and environmental costs that result from using animals for food. Livestock is known to significantly contribute to global warming, and to negatively impact global nitrogen cycles and biodiversity. Nomenclature The term meat tax can be used interchangeably with slaughter tax or carcass tax. The latter also highlights how the tax might be administered - including on the import of frozen carcasses. 'Slaughter tax' and 'carcass tax' are terms that are considered to make such a change in food taxation more popular with the general public. Support and opposition Support Chatham House and Glasgow University, in a 2015 report titled "Changing Climate, Changing Diets: Pathways to Lower Meat Consumption" called for a tax on red meat. Adam Briggs from the University of Oxford conducted a study that concluded that putting a carbon tax on "high emission" foods (i.e. foods which have a high carb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Land Value Tax
A land value tax (LVT) is a levy on the value of land (economics), land without regard to buildings, personal property and other land improvement, improvements. It is also known as a location value tax, a point valuation tax, a site valuation tax, split rate tax, or a site-value rating. Land value taxes are generally favored by economists as they do not cause economic efficiency, economic inefficiency, and reduce economic inequality, inequality. A land value tax is a progressive tax, in that the tax burden falls on land owners, because land ownership is correlated with wealth and income. The land value tax has been referred to as "the perfect tax" and the economic efficiency of a land value tax has been accepted since the eighteenth century. Economists since Adam Smith and David Ricardo have advocated this tax because it does not hurt economic activity or discourage or subsidize development. LVT is associated with Henry George, whose ideology became known as Georgism. George ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ecotax
An environmental tax, ecotax (short for ecological taxation), or green tax is a tax levied on activities which are considered to be harmful to the environment and is intended to promote environmentally friendly activities via economic incentives. A notable example is carbon tax. Such a policy can complement or avert the need for regulatory (command and control) approaches. Often, an ecotax policy proposal may attempt to maintain overall tax revenue by proportionately reducing other taxes (e.g. taxes on human labor and renewable resources); such proposals are known as a green tax shift towards ecological taxation. Ecotaxes address the failure of free markets to consider environmental impacts. Ecotaxes are examples of Pigouvian taxes, which are ''taxes that attempt to make the private parties involved feel the social burden of their actions''. An example might be philosopher Thomas Pogge's proposed Global Resources Dividend. Taxes affected Examples of taxes which could be lowe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consumption Tax
A consumption tax is a tax levied on consumption spending on goods and services. The tax base of such a tax is the money spent on consumption. Consumption taxes are usually indirect, such as a sales tax or a value-added tax. However, a consumption tax can also be structured as a form of direct, personal taxation, such as the Hall–Rabushka flat tax. Types Value-added tax A value-added tax applies to the market value added to a product or material at each stage of its manufacture or distribution. For example, if a retailer buys a shirt for twenty dollars and sells it for thirty dollars, this tax would apply to the ten dollar difference between the two amounts. A simple value-added tax is proportional to consumption but is regressive on income at higher income levels, as consumption tends to fall as a percentage of income as income rises. Savings and investment are tax-deferred until they become consumption. A value-added tax may exclude certain goods to make it less regressi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Black Market
A black market, underground economy, or shadow economy is a clandestine market or series of transactions that has some aspect of illegality or is characterized by noncompliance with an institutional set of rules. If the rule defines the set of goods and services whose production and distribution is prohibited by law, non-compliance with the rule constitutes a black market trade since the transaction itself is illegal. Parties engaging in the production or distribution of prohibited goods and services are members of the . Examples include the illegal drug trade, prostitution (where prohibited), illegal currency transactions, and human trafficking. Violations of the tax code involving income tax evasion in the . Because tax evasion or participation in a black market activity is illegal, participants attempt to hide their behavior from the government or regulatory authority. Cash is the preferred medium of exchange in illegal transactions since cash transactions are less- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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