Tobacco tax considered which type of tax?

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Simeon Howe asked a question: Tobacco tax considered which type of tax?
Asked By: Simeon Howe
Date created: Tue, Jul 13, 2021 1:08 PM
Date updated: Wed, Jun 29, 2022 8:45 AM

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  • Tobacco taxes, far from being an exception to this pattern, traditionally were classified as a “luxury” or “vice” tax, a category which is particularly susceptible to tax rates that are quite high in relation to total consumer cost of the product. 7 Human vice, however defined, is a popular source of government revenue whenever the vice is not prohibited by the criminal law.

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