About using sin taxes to change incentives

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A "sin" tax is a tax placed on a good to discourage it's use...so with that in mind, how do you feel about using sin taxes to change incentives? Respond to one of your peers. 20 Percent More Smokers Quit After $1 Price Increase (Links to an external site.)Links to an external site. NY Times By NICHOLAS BAKALARAUG. 23, 2017 When the price of a pack of cigarettes increases by $1, there is a 20 percent increase in rates of quitting smoking. Researchers linked data on the smoking habits of 632 smokers, average age 58, to neighborhood cigarette prices in 896 chain grocery and drugstores in 19 states. They gathered data on local laws on indoor smoking in public places, and followed changes in prices, laws and smoking habits over 10 years....read the rest of the article (Links to an external site.)Links to an external site.... Word Count: initial post 250 words, reply 100 words.

Reference no: EM132296249

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About using sin taxes to change incentives : A "sin" tax is a tax placed on a good to discourage it's use...so with that in mind, how do you feel about using sin taxes to change incentives?

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