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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

Excise taxes on tobacco and alcohol and state sales taxes are often criticized for being regressive. Although everyone pays the same rate regardless of Income, why might this be so?

To determine

To explain: The reason for which everyone pays the same excise tax rate on tobacco and alcohol despite the variations in their income.

Explanation

These are not mandatory taxes like income tax and they are imposed only on those goods which an individual wishes to consume like alcohol, tobacco etc. These goods are bought by people in a lim...

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