Re:Do “sin taxes” work?
by mirimir on Sunday August 12, 2018 @08:50PM
(#17747353)
Yes, they certainly work as taxes.
> Further, if alcohol taxes bring in 1% of the state budget it means everyone's income is that much lower because of taxing alcohol.
Maybe you mean "that much higher" there?
Also, just FYI, in 1923 "[s]ome 30 percent to 40 percent of the government’s income came from the tax on alcohol."[0] So Prohibition was funded by the federal income tax. But now we have both :(
Re:Do “sin taxes” work?
by yason on Monday August 13, 2018 @03:50AM
(#17748621)
Indeed, thanks for spotting the thinko. Everyone's income is that much higher (or everyone's taxes are that much lower which I think what I was thinking when writing the sentence).
> Further, if alcohol taxes bring in 1% of the state budget it means everyone's income is that much lower because of taxing alcohol.
Maybe you mean "that much higher" there?
Also, just FYI, in 1923 "[s]ome 30 percent to 40 percent of the government’s income came from the tax on alcohol."[0] So Prohibition was funded by the federal income tax. But now we have both :(
0) https://taxfoundation.org/how-taxes-enabled-alcohol-prohibit...