Friday, 2 September 2016

What is a Sin Tax?

TERM OF THE DAYSEPTEMBER 1, 2016
sin tax
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Ad valorem tax or flat-tax levied on activities or goods considered physically or morally harmful, such as cigarettes, gambling, liquor.
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USAGE EXAMPLE
The local government is considering raising the sin tax on cigarettes in an effort to help reduce the amount of cigarettes sold to locals and encourage them to stop smoking.
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