Sumptuary excise taxes are often called sin taxes

Assignment Help Financial Management

Reference no: EM131512230

Sumptuary excise taxes are often called "sin taxes." Why? Why are the sumptuary tax rates on the purchase of alcohol and tobacco products so exorbitantly high? Why not just ban the use of alcohol and tobacco altogether? Are sumptuary taxes regressive? What are the sumptuary tax rates on alcohol and tobacco products in your area? Also, states and localities around the country are faced with regulating and taxing marijuana use. Federal law prohibits using marijuana; however, some states and local governments are legalizing its use for medical purposes. Pick a state or local government that has this situation. What steps has it taken to regulate and tax marijuana? Is such a tax regressive?

Reference no: EM131512230

Questions Cloud

Review the case studies of colleen m and xander l : Summarize your risk assessment.Compare the results you obtain for each individual from the two different assessments.

Investors can make money in inefficient market : what type(s) of investors can make money in inefficient market? what type(s) of investors can make money in weak-form efficient market?

What are the appropriate risk-adjusted discount rates : What are the appropriate risk-adjusted discount rates for each?

What is probability that both balls will be of same color : In Problem, you are told that the first two draws are white balls. Find the probability that the third is also a white ball.

Sumptuary excise taxes are often called sin taxes : Sumptuary excise taxes are often called "sin taxes." Why?

Review your problem evaluation paper : Review your Problem Evaluation Paper. Select one of your possible solutions for the problem you identified.

Sketch this probability density function : Three people, A, B and C, live in the same neighborhood and use the same bus line to go to work. Each of the three has a probability of ¼ of making.

What is the funds required rate of return : If the market's required rate of return is 13% and the risk-free rate is 5%, what is the fund's required rate of return?

Required rate of return on a stock with a beta : What is the required rate of return on a stock with a beta of 0.9?

User Account

All Pages