Excise taxes

against the Democratic party’s candidate Bill Clinton and Independent Ross Perot in a contentious campaign. Bush had garnered the votes of the American people in the 1988 election under the pretense that taxes during his presidency under no uncertain terms, or as he famously stated “Read my lips. No new taxes”, would rise. Bush soon breaks this oath to deal with the rising deficit, this action resulting in a lasting effect on his popularity and perceived trustworthiness. Clinton ran his campaign…

In April, the excise tax on cigarettes in California increased from $0.87 to $2.00 per pack. The higher taxes were imposed in order to prevent people from smoking. Due to the increase in the excise tax, the retailers are experiencing challenges because of the decrease in the demand for cigarettes to about 50 percent. Not only the retailers who are selling the cigarettes are suffering, but also the tobacco companies are also suffering. Therefore, tobacco companies are sending out coupons to make…

One type of federal taxes that Americans pay is federal income taxes. Federal income tax is the main source of revenue, for the federal government contributing over 40% of its yearly tax revenue. Many Americans do not care for paying taxes, yet most Americans end up paying federal income taxes, at least, a portion of their lifetime. There are two types of federal tax – direct tax (excise tax), and indirect tax. Taxes deducted from workers’ paychecks are mandatory [direct taxes], and fall into…

mainly by limiting the appeal of cigarettes alongside making them less affordable and accessible. Price has a noticeable effect on the prevalence of smoking among teenagers and lower-income smokers and governments rely on taxes to curb smoking rates. Even though raising taxes…

Q1. ‘Excise’ and ‘GST’ are common taxes used in Australia. Do your own research and explain the difference between the two. Identify the source of information. Is the tax on unhealthy foods described in the article excise or GST? (2 mark) Excise tax is a commodity-based tax on goods with the purpose of reducing the level of consumption of a particular good. Tobacco, alcohol, fuel and petroleum goods is a prominent example of excise taxing. However, goods and services…

Raising Taxes to Reduce Cigarette Consumption Hye Ree Yoon The University of Kentucky Abstract Smoking is a global disease risk factor. To reduce cigarette consumption, the federal government has increased the taxes on cigarette packs. This effective solution has provided evidence that tax increases on cigarette packs significantly reduce the consumption of cigarettes. Therefore, reducing the consumption and prevalence of cigarette smoking with cigarettes need to be incentivized by…

Policy Case for Taxes on Sugared Beverages is a depiction of the growing worries of experts in public health; Kelly D. Brownell and Thomas R. Frieden manifest the importance of increasing the taxes on sugar sweetened beverages in order to generate a decrease in consumption, promoting people to make a wise selection to reduce the rate of obesity. The ascending consumption of sugar sweetened beverages is presented as the “largest driver of the obesity epidemic”. Imposing an excise tax may be a…

Excise taxes started to be implemented on some of the organization for breaking the no substantial lobbying rule in 1987. This was due to the fact that congress concluded that the revocation of tax exemption for excessive lobbying was an ineffective deterrent in some cases. This was due to some charitable organization that raised money from tax deductible contributions under the 501 (c) (3) tax exemption for a substantial lobbing effort and then just ceased operation. The organizations were…

healthier food options for daily consumption. Additionally, health expenses associated with patients who become overweight or obese could diminish through the revenue of an excise. In fact, “ Estimates place the cost related to treating the overweight and obese at $147 billion, with half of those costs being paid publicly” (“Excise Tax for Soda”, par. 2). Furthermore, the net revenue of a soda tax over a period of time, would drastically affect the cost of healthcare for obese and overweight…

knew full well that the addiction to smoking tobacco based products has serious health risks and consequences; nonetheless, the citizens of all ages partook willingly. The Government of India had benefited from the sale of tobacco in the form of excise taxes which helped to support its budget. But the Government of India had to buttress…