A seminar/law paper that is on vice/sin taxes and how the government apply/use them - Essay Example

Comments (1) Cite this document
Sumptuary (Sin) Taxation: Legal, Economic, and Moral Justifications Introduction In a desperate attempt to bridge budget deficits, federal and state legislatures have aimed their taxing powers toward something more socially pernicious and sinister: sumptuary taxes…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.3% of users find it useful
A seminar/law paper that is on vice/sin taxes and how the government apply/use them
Read TextPreview

Extract of sample "A seminar/law paper that is on vice/sin taxes and how the government apply/use them"

Download file to see previous pages 2 In 2010, the government increased its revenue by over $75 billion through sumptuary taxes. 3 As a result, sumptuary taxation is quickly becoming the tax of choice among federal and state authorities and has even gained approval from many taxpayers. Its popularity appears due not only to its money-making abilities but also to its dual purpose.4 First, it is an efficient way for the government to collect revenue from taxpayers for something they can and probably should live without.5 Second, unlike other taxes, sumptuary taxes are often enacted with the additional aim of reducing or eliminating the public’s consumption of a particular product.6 Although economists doubt that sumptuary taxes will greatly affect the behavior of most individuals, especially because the amounts tacked on are quite small, these taxes are an effective source of revenue.7 Because they attach to the sale of items that some taxpayers will buy no matter how much they cost they make the supply and revenue stream of these items inelastic. As an added social benefit, some of the revenue can go toward funding programs that promote a healthy lifestyle.8 Although the term sumptuary taxation is long established, sin, vice, and fat tax are colloquial terms.9 The concept of sumptuary tax is still widely used to describe taxes levied on products or actions deemed socially undesirable.10 This paper will briefly separate sumptuary taxation into three categories – fat, sin, and vice -- to provide a better understanding of how these taxes are applied to raise revenue by the different governments. After this brief discussion, the remaining portion of the paper will supplement the term sumptuary tax with the term sin tax, collectively encompassing vice, sin and fat taxes; while sin tax represents its own category, it also functions as an overarching term encompassing sumptuary taxation procedures. This paper argues that although sin taxes, including vice and fat taxes, are inherently regressive because they disproportionately burden those least able to afford them, they still effectively work as intended; by ultimately generating revenue, as a added benefit, reducing consumption, and motivating healthy lifestyle choices while helping to solve social problems. Thus, the enactment of sin taxes is legally, economically, and morally justified. Part two briefly reviews the history of sumptuary law and the evolution of the sin tax. This part discusses how sumptuary taxes have emerged into different categories, and examines how the government uses these taxes to generate revenue and fill in their budget gaps. Additionally, part two examines how other countries have successfully levied the different sumptuary taxes to benefit their society as a whole; it also argues the economics of sin taxes are an effective source of revenue because they attach to the sale of items that some taxpayers will buy no matter how much they cost, making them inelastic. Part three analyzes the rationale and public policy in support of sin taxes, and raises counterarguments. Additionally, part three addresses the conflict of interest created by a state’s dependence on sin tax revenues and briefly examines a resolution, i.e., earmarking, to mitigate the conflict. Lastly, this paper concludes with how sin taxes are important and why they will benefit society as a whole. There is sound tax policy in implementing sin ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“A seminar/law paper that is on vice/sin taxes and how the government Essay”, n.d.)
Retrieved from https://studentshare.org/law/1393870-a-seminar-law-paper-that-is-on-vice-sin-taxes-and
(A seminar/law Paper That Is on vice/Sin Taxes and How the Government Essay)
“A seminar/law Paper That Is on vice/Sin Taxes and How the Government Essay”, n.d. https://studentshare.org/law/1393870-a-seminar-law-paper-that-is-on-vice-sin-taxes-and.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
wilbertfritsch added comment 1 year ago
Student rated this paper as
Great work done on the %topic%. I think it is the best essay I have seen so far.

CHECK THESE SAMPLES OF A seminar/law paper that is on vice/sin taxes and how the government apply/use them

How Taxes Affect Economic Efficiency

...?How taxes affect economic efficiency The topic of potential benefits of taxes on the economic efficiency of a country has gained much attention in the recent years. It is true that various initiatives taken by a government have a significant impact on the scope of economic activities. During the last few years, myriad studies have been conducted on taxes in order to find out whether they have any impact on economic behavior or not (Kroeger 2011). The effect of tax reductions is often debated. According to free market economists, tax deductions result in economic growth. According to Keynesians, tax cuts...
6 Pages(1500 words)Essay

Local government taxes

...gradually to an expected 3.9% by the financial year 2018. Many have likened the cut to one in the 90s that forced the legislature to reverse because it created a budget crisis. Pennsylvania also has a regressive tax policy, which gives businesses 85% tax credit if they donate money for scholarship funds to private schools. The Governor said that it diverted money away from public schools, and thus, turned down this measure. Finally, Tennessee’s legislature adopted a law to eliminate gradually estate tax, with 2016 earmarked as the year when the entire estate tax would be eliminated (Davis et al 6). What are the most regressive and progressive state and...
5 Pages(1250 words)Essay


...Taxes Managing Director Finance Manager 25/07 Vehicles to Minimize Taxes I believe that tax planning is needed to reduce income tax now and in future and all the firms essentially require tax efficient financial planning. In this regard, I would like to identify some available mechanisms that could be used for minimizing of incomes tax, capital gains tax and estate tax. Currently many forms are making use of some remarkable vehicles to reduce taxation on their incomes. For example, whole life insurance is one of those vehicles which contract many tax...
1 Pages(250 words)Essay

Seminar paper

...from drinking tea. She also tells them that the brains of monkeys are a delicacy for the Chinese (Gina, 1999). Most of the cultural food of Chinese is tomatoes, nothing resembling monkey brains. Mona brags about how her mother’s cooking is off the charts that her cooking is not even in the cookbooks. The jealousy of Mona towards the fact that Danielle Meyers kissed two boys drives her to peer pressure when she starts looking for a befriend to kiss too so that her story will be aired by everyone. Mons’s teacher introduces Sherman to Mona as the new boy in class that she may guide him in the first few days at school. Mona thinks that Sherman is cute and begins falling in love with home (Gina, 1999). Mona...
2 Pages(500 words)Essay

Apply to law school

...Application to a Law School Many people describe me as an extrovert, which implies that I am an easy going person. I keep my personal opinions ready and open for any criticism. If it is a situation involving my freedoms or independence, I will defend it without fear. I also have a free spirited character, which many of my friends have appreciated. In essence, I have great connection to history and this informs my character. I can, therefore, describe myself as a product of my country, family and past experiences. I have a strong belief in all my principles, which I figure relate predominantly to my country’s values. In any of my endeavors, I always put out my best to achieve the tasks at hand. Throughout my life, I have...
1 Pages(250 words)Personal Statement

Seminar Paper

...Seminar Paper With respect to Thoreau’s “Where I Lived, and What I Lived For”, the is framed in a manner to showcasereciprocal relationship between meaning of life and residence as the basis upon which reality achievement embedded. This is peddled by our need to wade through those mucks constituting everyday lives which culminates to hitting our firm place, reality. A reality is attached to stamp of existence surrendered to its vision, “This is’ justifies God’s words, “Let there be (Thoreau 2005).” Thus we are defined through integrating matters of real meaning and purpose within everyday existence determinants. Meaning of Self-reliance is thus fathomed as a loftier doctrine circumventing around active...
1 Pages(250 words)Book Report/Review

Seminar paper

...English 15th October Seminar paper: The Mall of America Everyone goes into a shopping mall with an intention at the back of their mind. Some people go there to see what other people are doing, some go there because they are idle and have nothing to do at home, some also go there to see the new products that they think they can buy when they get money at some point in life, the list of every person’s desire when in a shopping mall is endless. In this essay people are seen coming into the building to do all sorts of things like refreshment, “two pubescent girls in retainers and braces sat beside me sipping coffees topped with whipped cream and chocolate sprinkles” (page 107 pr 4 ) Some people are addicted...
1 Pages(250 words)Book Report/Review

Seminar paper

...Is Google Making Us Stupid? Is Google Making Us Stupid? Yes, it is! Nicholas Carr clearly brings out an aspect of overdependence on technology and how it has made people victims of their own destinies. His strong imagination serves as an important voice to the current world because it reveals the negative effects behind technology awesomeness. There are many advantages of accessing lots of information on the internet. However, it is slowly eroding the ancient, most relevant and important skills in people; reading and creative thinking. People easily lose their concentration immediately they start reading a book (Carr 151). Their minds get so involved in arguments and often seem disturbed...
1 Pages(250 words)Book Report/Review

Seminar paper

...Seminar Paper Kristof is also saying that so many people in this world are actually in denial that they lack freedom. Sometimes people would think that it would just be so seemingly bothersome and “paternalistic” for Western people to keep reminding people from other countries, especially women, with freedom-limiting customs to really face the truth of their lack of freedom. In fact the author admits his frustration: “I kept asking women how they felt about being repressed, and they kept answering indignantly that they aren’t repressed” (Kristof 177). It is true that in many cases it would take more than a lifetime for some people to realize something that they just cannot admit. What...
1 Pages(250 words)Book Report/Review

Seminar paper

...“When Doctors Make Mistakes” by Atul Gawende (384-402) This is an article written by Atul Gawande, who writes of the first-hand account of the mistakes that he made and his colleagues while attending to a patient. The article has five parts, each with the name encompassing the narrative and emotions of the short chapters. The first chapter ‘Crash Victim’ provides overviews on the event of a crash victim, the second chapter ‘Banality of Error’ talks on the consequences of errors that doctors make during surgery, prescriptions, and consultation. The third chapter ‘Show and Tell’ provides a discussion of the M&M meetings whereby the attendants present mistakes made in the medical profession and telling on how to improve...
1 Pages(250 words)Book Report/Review
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic A seminar/law paper that is on vice/sin taxes and how the government apply/use them for FREE!

Contact Us