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Topic: Sin tax


  
  Tax Terms - List and Definitions of Tax Terms
A tax that cannot be shifted to others, such as the federal income tax.
Taxes on property, especially real estate, but also can be on boats, automobiles (often paid along with license fees), recreational vehicles, and business inventories.
For the tax credit for child and dependent care expenses, a qualifying person is a child, dependent, or spouse who meets specific requirements.
www.businesstaxrecovery.com /tax_terms   (2896 words)

  
  Sin tax - Wikipedia, the free encyclopedia
A Sin tax is a euphemism for a tax specifically levied on certain generally socially-proscribed goods - usually alcohol and tobacco.
Sin taxes are often enacted for special projects - American cities and counties have used them to pay for stadiums - when increasing income or property taxes would be politically inviable.
Whether this actually qualifies as a sin tax is rather questionable, since such taxes are generally intended to create an additional punishment for trading, possession or consumption of illegal drugs rather than to raise revenue.
en.wikipedia.org /wiki/Sin_tax   (122 words)

  
 [No title]
Sin taxes are a subset of consumption taxes.
Sin taxes are not immoral but their application to selectively specific behaviors or goods give rise to questions of morality as well as public policy.
Tax schemes achieve economic efficiency at the societal (macro) level by reducing the occurrence of “sin” and by generating tax revenues from these behaviors and reducing the taxation of prosocial goods and activities.
www.evergreen.loyola.edu /~plorenzi/Research/Sintax.doc   (5061 words)

  
 Regional Review: Taxing Habits
Modern sin taxes are born of the economists’ creed that behavior responds to price, coupled with the politicians’ desire to improve society while raising revenues.
Sin taxes can be simplistically portrayed as “win-win” because they raise revenues at the same time as saving lives or promoting economic development.
Sin taxes may or may not be good policy, but so long as they remain one of the few acceptable ways to raise revenue, governments are likely to continue to depend on them.
www.bos.frb.org /economic/nerr/rr2003/q1/taxhabits.htm   (3104 words)

  
 Sin Tax
Sin taxes are typically added to liquor, cigarettes and other non-luxury items.
State governments favor sin taxes because they generate an enormous amount of revenue and are usually easily accepted by the general public because they are indirect taxes that only affect those who use the products.
When individual states run deficits, the sin tax is typically one of the first taxes recommended by lawmakers to help fill the budget gap.
www.investopedia.com /terms/s/sin_tax.asp   (269 words)

  
 Commentary: The Sin Tax Craze: Who’s Next?
Hard-pressed state governors are increasingly turning to that venerable quick fix – the sin tax – to solve their budget problems.
Sin taxes exist as a halfway house to prohibition, and in the same way bootleggers used to smuggle liquor into the United States from Canada during from 1919 to 1933, smokers will face greater temptation to engage in fl market activities.
Sin taxes, cigarettes in my case are unconstitutional.
www.acton.org /ppolicy/comment/article.php?id=196   (1808 words)

  
 Drug Policy Alliance: Predatory Public Finance and the Origins of the War on Drugs 1984-1989. Part 1
Sin taxes such as these inevitably lead to crime, however, as individuals attempt to avoid the tax through fl markets, smuggling, and the violent forms of competition and contract enforcement that accompany such activities.
An excise tax may reduce the level of the sin being taxed, but it simultaneously induces new kinds of sin that are often much more costly for society.
This innovation allowed police agencies to benefit directly through the collection of a sin tax: the police were given the opportunity to collect a tax in the form of confiscations of money and property used in or purchased with profits from the drug trade and to keep the proceeds from this tax.
www.drugpolicy.org /library/predatory_public_p1.cfm   (3637 words)

  
 The Sin Tax   (Site not responding. Last check: )
In the triangular model of taxation, the government goes beyond taxing only the individual who actually commits the sin; the government also taxes the production and distribution of the good or service in anticipation that the higher costs will be borne by both the consumer and the producer.
Under a sin tax, the state finds itself in the peculiar and contradictory position of professing to discourage certain behaviors while relying on their continuance as a source of revenue.
The sin tax and monopolization of the provision of sin (as in the alcohol example) are the halfway house to total prohibition.
www.acton.org /publicat/occasionalpapers/sintax.html   (6007 words)

  
 The Seattle Times: Opinion: The wages of sin, or how to love a can of soda pop
The power to tax sin is one of the most treasured uses of government.
A tax on discretion, for that is what it is, would reap the state about $500 million a year in badly needed revenue.
While folks are generous at the polls for local taxes, voters have not been happy with gas taxes, income tax ideas and regional taxes for transportation.
seattletimes.nwsource.com /html/opinion/2002123246_vesely19.html   (790 words)

  
 Nevada Journal: Sin Tax Error
The political establishment’s refusal to raise taxes on drinkers and smokers is a happy exception to the state’s tax-and-spend habit of the last two decades.
As well-intentioned as Mendiola and her ilk may be, their desire to tax all drinkers in order to address the problems caused by a few drinkers is another pernicious aspect of the sin tax movement.
Sin taxes discriminate against the poor, encourage smuggling and legitimize the notion that nagging is a proper function of government.
nj.npri.org /nj99/05/feature2.htm   (1711 words)

  
 KOMO : House Approves 'Sin Tax' Increases   (Site not responding. Last check: )
The sin tax bill was sent to the Senate for further action.
The estimated $175 million from the cigarette tax hike and $135 million from the estate tax, both over the next two years, would go into an education legacy trust fund that is intended to expand access to the state's higher education system.
Republicans argued against the higher sin taxes, citing rising state revenue forecasts and objecting to tying education to cigarettes and alcohol.
www.komotv.com /news/printstory.asp?id=36451   (460 words)

  
 ReligionLink - 'Sin' taxes create moral quandary
"Sin" taxes create a moral quandary for state governments: They are put in the position of condemning certain behaviors of their choosing while also expecting people to continue those behaviors because the state needs tax money.
He cites an example of the twisted morality of sin taxes: The states - after calling tobacco companies veritable merchants of death - recently demanded that one tobacco company not be required to post an enormous appeal bond, lest it be forced into bankruptcy and imperil the tobacco settlement proceeds paid to the states.
He also teaches tax policy at the New York University School of Law and is a research associate at the National Bureau of Economic Research in Cambridge, Mass., where for a number of years he directed the program of research in taxation.
www.religionlink.org /tip_030519c.php   (1029 words)

  
 State 'sin tax' increases sought
The tax increase, sure to be controversial after a decade of lawmakers writing budgets without higher taxes, is a key part of Locke's plan for closing a huge spending gap in the 2005-07 budget cycle that begins July 1.
The "sin tax" package does not tax tobacco or gambling, but raises more than $500 million by boosting the wholesale taxes of pop and beer, adding roughly 5 cents to the cost of each beverage, administration officials said.
Rossi has ruled out new taxes, and Gregoire has said she thinks it's wrong to boost tax revenue when the economy is just now recovering.
seattlepi.nwsource.com /local/204185_budget17.html   (696 words)

  
 Student Homepage
A sin tax is used to discourage the use of products and services that could pose a risk to someone's health, such as alcohol and cigarettes.
Luxury taxes are taxes on expensive, nonessential items, such as luxury cars.
Taxes on most items were dropped as the items became less exclusive or as the need for emergency revenue decreased.
www.irs.gov /app/understandingTaxes/servlet/IWT5L1ol   (349 words)

  
 Governor hints at sin tax hikes - 2/11/04
Increases in so-called “sin” taxes on beer, wine and liquor also are under consideration.
She also is expected to call for moving up all property tax collections for counties to July, an accounting change that would save the state about $150 million in the fiscal year that begins Oct. 1, sources familiar with the budget said.
A 50-cent increase in the tax was part of Proposal A school finance reforms in 1994 and the tax was boosted by another 50 cents a pack boost two years ago to help prop up the school aid fund.
www.detnews.com /2004/politics/0402/11/a01e-61239.htm   (1189 words)

  
 Senator touts ‘sin tax’ to help budget
Drug dealers would have to buy stamps as proof that they had paid the tax, to be set at $3.50 per gram of marijuana, somewhat less per raw marijuana plant and $200 per gram of all other controlled substances.
A higher tax on alcohol failed to pass the legislature, and voters refused in November to raise the tobacco tax.
Shields said the pornography tax was suggested by a Senate staffer who had heard that other states had such a tax.
archive.columbiatribune.com /2003/Apr/20030425News015.asp   (511 words)

  
 Sin tax hike may encourage smuggling - 06/06/04
The expected sales dip is built into official projections that the tax would create $62 million in new revenue for the current state budget and $301 million for the next one.
Cigarette tax backers say the specter of increased smuggling is a tobacco firm scare tactic.
The tax proposal is on the Senate floor, meaning it could be adopted when members return this week.
www.detnews.com /2004/metro/0406/06/b03-174660.htm   (528 words)

  
 Las Vegas SUN: Nevada legislative leaders support 'sin tax' plan
Hikes in cigarette and alcohol taxes are a key component in a broad-based solution from the Gov.'s task Force on Tax Policy.
Taxes on alcohol would also double, raising the state tax on a six-pack of beer from six to 12 cents.
The cigarette tax increase would bring in $63 million annually, and the tax hike on alcohol would generate nearly $15 million, according to task force documents.
www.lasvegassun.com /sunbin/stories/nevada/2002/dec/04/120410287.html   (565 words)

  
 News 8 Austin | 24 Hour Local News | HEADLINES
School finance, children's health insurance and property tax cuts are priorities for many lawmakers.
Sin Taxes are also on the table," Rep. Mike Villarreal said.
Lawmakers who support the idea of some form of sin tax said the money has to come from somewhere.
www.news8austin.com /content/headlines?ArID=131105&SecID=2   (461 words)

  
 Sin taxes key to Democrats’ plan | TheNewsTribune.com | Tacoma, WA   (Site not responding. Last check: )
The level of tax hikes sought by Senate Democrats is more than double those proposed last week by Gregoire because they found more sins to tax.
Prentice was almost apologetic for relying so heavily on sin taxes to balance her budget.
The remainder of the $526 million in new taxes would come from bringing back part of the so-called death tax on estates valued at $1.5 million or more, collecting sales tax on extended warranties for such appliances as refrigerators and stoves, and reinstating a higher tax on businesses that sell canned meat products.
www.thenewstribune.com /news/government/story/4728909p-4363624c.html   (1085 words)

  
 Hospitals want hike in sin tax
Under current law, cigarettes are taxed at a rate of 17 cents per pack.
If the ballot language is approved and organizers move forward with a petition, they would need to collect signatures in six congressional districts, garnering a number of signatures equal to 5 percent of the turnout in the last gubernatorial election for each of those districts.
Baker said yesterday that the spending plan in the ballot measures does not allocate enough money for smoking cessation programs but that she is negotiating with the sponsors.
www.columbiatribune.com /2002/Mar/20020307News003.asp   (418 words)

  
 The Manila Times Internet Edition | BUSINESS > BIR says sin-tax revenues disappoint   (Site not responding. Last check: )
The Bureau of Internal Revenue said the government in the first quarter failed to benefit from a new law revising taxes on sin products after collections during the first three months of the year turned out lower than expected.
Therefore, the new excise tax law on sin products, which took effect in January this year, did not cover the cigarette products that were put out in December.
This was the first tax measure under President Arroyo’s fiscal reform package that the Congress approved.
www.manilatimes.net /national/2005/may/20/yehey/business/20050520bus2.html   (457 words)

  
 Sin tax hikes slow sales of cigarettes, but not alcohol (printable version)
The reasons are myriad, but the outcome is clear: The increased sin taxes have funneled $53.6 million into state coffers since the start of the fiscal year.
Tax officials said it is too early to tell whether the annual revenue will meet the projections the Legislature used to build the state’s budget for the next two years.
The alcohol and cigarette taxes are only a fraction of the new taxes that make up the record $833 million increase.
www.rgj.com /news/printstory.php?id=59743   (1092 words)

  
 Caller.com: Local News
The idea that the education of future generations should depend on increasing sin taxes is not unique to Texas.
Such taxes are not a reliable source of income, the critics argue.
The critics also say such taxes encourage government to expand industries that prey on bad behavior and they are regressive because lower-income people tend to spend more of their money on such activities.
www.caller.com /ccct/local_news/article/0,1641,CCCT_811_2831416,00.html   (809 words)

  
 komo news | Locke Proposes $500 Million 'Sin Tax' Hike   (Site not responding. Last check: )
His tax plan would raise the tax on a can of soda pop or beer by 5 cents, the wine tax by a quarter or more per bottle, and the excise tax on hard liquor by 5 cents per dollar spent, plus a liter tax increase of $1.
The beer tax would produce $65 million, the wine excise tax would bring in $37 million and the two liquor taxes about $101 million.
The tax package was instantly assailed by Republican lawmakers, conservative groups and the potential GOP governor, Dino Rossi.
www.komotv.com /stories/34420.htm   (1135 words)

  
 CBS News | The Ultimate Sin Tax | February 27, 2003 13:54:04
With the state facing a deficit of up to $704 million, some legislators want to tax the fees of Nevada prostitutes in what could be the ultimate sin tax.
Kenny Guinn has proposed a 7.3 percent tax on entertainment and admissions that is expected to generate $82.5 million in its first year.
The tax on sex acts could represent a watershed moment for the industry that is now confined to rural Nevada counties.
www.cbsnews.com /stories/2003/02/27/national/main542236.shtml   (771 words)

  
 The Seattle Times: Local News: Sin-tax package passes; budget vote set
Cigarette taxes will shoot up by $6 a carton in July, liquor prices will increase and you'll begin paying sales tax when you sign up for an extended warranty on consumer goods.
The tax package includes a 60-cent-a-pack increase in the cigarette tax this summer, raising $175 million, and a $1.33-per-liter increase in the liquor tax, generating $50 million.
A new estate tax is expected to bring in $139 million.
seattletimes.nwsource.com /html/localnews/2002250916_legis23m.html   (752 words)

  
 The Ultimate Sin Tax | MetaFilter   (Site not responding. Last check: )
Facing over $700 million in debt, Nevada (which has no state income tax) is considering taxing the fees paid to professional prostitutes in Nevada brothels.
The fact remains that Nevada's tax woes aren't due to a dip in revenue, rather the gaming industry is viewed as untouchable by the legislature.
Taxes on gaming revenue, while commonly proposed, are never passed.
www.metafilter.com /mefi/23959   (1200 words)

  
 Proper sin tax? | csmonitor.com
This wouldn't be the first time that politicians have used so-called "sin taxes" to fill budget gaps, especially in rough economic times.
After all, corrective taxes already generate millions of dollars a year by targeting such all-American vices as cigarettes, liquor, and guns.
And while free market enthusiasts excoriate this proposal as an improper use of economic coercion, sin taxes have never claimed to be the brainchild of high-minded economic theory.
www.csmonitor.com /2004/1122/p09s01-coop.html   (944 words)

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