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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, candy, soft drinks, fast foods, coffee, sugar, gambling, vaping, cannabis (wherever legal for recreational use) and pornography. [1]
The seventh-century BC law-text of Locrians by Zaleucus, the first written 'law code' in ancient Greece, stipulated: . A free-born woman may not be accompanied by more than one female slave, unless she is drunk; she may not leave the city during the night, unless she is planning to commit adultery; she may not wear gold jewelry or a garment with a purple border, unless she is a courtesan; and ...
A Pigouvian tax (also spelled Pigovian tax) is a tax on any market activity that generates negative externalities (i.e., external costs incurred by third parties that are not included in the market price). A Pigouvian tax is a method that tries to internalize negative externalities to achieve the Nash equilibrium and optimal Pareto efficiency. [1]
At 7.25%, California has the highest minimum statewide sales tax rate in the United States, [8] which can total up to 10.75% with local sales taxes included. [9]Sales and use taxes in California (state and local) are collected by the California Department of Tax and Fee Administration, whereas income and franchise taxes are collected by the Franchise Tax Board.
Beer taxes are higher in Tennessee and Kentucky, where spirits production is important. Spirits taxes are higher in two states with important wine producers, Oregon and Washington. Wine taxes are also lower in California and New York. Median tax rates for beer, wine and spirits are $0.26, $0.74, and $6.06 per gallon, respectively.
On the campaign trail, Trump promised a variety of tax breaks, including removing the TCJA’s $10,000 cap on the deduction for state and local taxes, and eliminating taxes on tip income, overtime ...
Numerous U.S. states, including Alaska, Texas and New Mexico also have their own wealth funds, which help fund various priorities, including education and tax relief.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Sumptuary_taxes&oldid=823628615"This page was last edited on 2 February 2018, at 12:25 (UTC). (UTC).