sin tax

Definitions

1. 1

   A government-imposed tax on a specific good, service, or activity which is legal but…

   A government-imposed tax on a specific good, service, or activity which is legal but widely considered to be unwholesome or socially harmful, such as a tax on alcoholic beverages, tobacco products, or gambling.

   • He has suggested raising “sin taxes” on cigarettes, liquor and arcade games to pay for the 24-percent teacher pay raise he supports.
   • Another form of consumption tax that some foresee is a “sin tax”, which would come in the form of higher excise taxes on alcohol and tobacco.
   • The sin tax is an established tactic. In the early 1500s, Pope Leo X underwrote his lavish lifestyle in part by taxing licensed prostitutes.

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