Excise taxes

Preamble There are seven main goals for the economy of my island nation. My first goal is economic freedom for all my citizens. This allows businesses and entrepreneurs to have total control over all economic aspects of their lives. Therefore, any person can decide to choose to be an entrepreneur or even get a higher education and then start work. Second, I believe economic efficiency is significant for a working economy since it analyzes the allocation of resources so that resources are used to…

1. Introduction In recent years, smoking among the youth has garnered much attention in the academic and scientific discourse. Research and evidence show that majority of the smoking population begin smoking before reaching adulthood, implying the necessity of early onset prevention in limiting its widespread incidence. This desire to reduce the supply and demand of cigarettes is motivated by the health hazards and threats to social welfare that the habit inflicts, which can fundamentally…

such as it has done in Colorado and Washington. In 2015, the Colorado Department of Revenue reports an income of around 70 million dollars in marijuana, a soft drug, taxes and license fees, which is almost twice the revenue generated by taxes on alcohol (Marijuana). During the same time, Washington earned 62 million in excise taxes on marijuana (Basu). Although, some argue that legalizing soft drugs would result in an increase in welfare costs. However, welfare averages about 300 dollars a month…

These strong laws are enforced at both state and local levels. New York State has the highest state cigarette tax in the whole country. In 2010, the state’s cigarette excise tax further increased to $4.35 per pack of 20 cigarettes or little cigars. There is an additional local tax imposed at $1.50 per pack, bringing the combined state and local tax to $5.85, the highest in the nation. New York is also the first jurisdiction…

The articles of confederation replaced by the United States constitution was created November 15, 1777, and set rules for the current operations in the United States at that time. The articles of confederation was replaced by the constitution because it lacked taxing authority, uniformity of currency, denied the power to regulate foreign trade and interstate commerce, No enforcement of law, and it created an ineffective way to vote by state. The Articles were written to keep the national…

admit, shall not be prohibited by the Congress prior to the Year one thousand eight hundred and eight.” Also, the compromise over tariffs and taxes on incoming goods and products can also be found in the Constitution in Article One, Section Eight of the Constitution. It says that Congress had the power to levy and collect taxes, duties, Imposts, and Excise on tariffs. The Northern states believed that tariffs were necessary for a good economy. On the other hand, the Southern position believed…

a figure to deal with foreign affairs which will create the presidencies. Section 8 of the constitution would solve the problem of the poorly financed government in which it states “The Congress shall have Power To lay and collect Taxes,Duties, Imposts and Excises,to pay the Debts and provide for the common Defence and general Welfare of the United States”(Constitution section 8).THis would help provide a better financially ruined government in which will be stronger in order to take control…

Studies have proven medical marijuana has therapeutic effects on pain management, nausea, vomiting, seizures, and appetite loss, for patients suffering from medical conditions. A current teacher of mine has a cousin suffering from epilepsy, a seizure disorder, where she has over forty seizures a day. After seeking treatment, the only help she could find was in medical marijuana. Unfortunately, the state where she lives still makes it a crime for someone suffering from a serious disease to turn…

The novel “The Fair Tax book” starts off with a general purpose of replacing several groups of taxes with a single consumption tax at a retail level. It would only be collected when the hard working individual decided to spend his or her money. The preface also claims that the book is about a 133-page tax bill currently being put forth to the House Ways and Mean committee. It is generally known as Fair Tax. The Fair Tax would replace several IRS rules with an easier to comprehend tax. It is…

Sue Dunlevy. 2012. “Travellers hit with airport tax for duty free cigarette after limit lowered.” Accessed March 24, 2016. http://www.news.com.au/travel/travel-updates/travellers-hit-with-airport-tax-for-duty-free-cigarettes-after-limit-lowered/story-e6frfq80-1226473969812 The limit of the amount of tobacco allowed to be brought into Australia dropped from 250 to 50 cigarettes as of September 2014. This not only covers cigarettes pushed duty-free but also any tobacco you’ve attained. Many…