Taxing ChoiceTaxing Choice



Taxing Choice thoroughly addresses the costs and benefits of these predatory public policies.Shughart notes that the record of such punitive selective taxation has been anything but successful, hindering economic progress and failing to ...

Author: William Shughart II

Publisher: Routledge

ISBN: 9781351291583

Category:

Page: 396

View: 651

Taxing behavior deemed "politically incorrect" has long been a convenient way for politicians to fund programs benefiting special interest groups, to the public's disadvantage. Government policy toward various goods - drugs, tobacco and alcohol, for example - has been locked into a regulatory cycle of tax and taboo. Support for legalizing other substances is buttressed by the revenue-generating power of so-called "sin" taxesi And the products subjected to excise taxation have varied from soft drinks, fishing gear and margarine to airline tickets, telephone calls and gasoline. Taxing Choice thoroughly addresses the costs and benefits of these predatory public policies.Shughart notes that the record of such punitive selective taxation has been anything but successful, hindering economic progress and failing to deliver the promised social benefits. In addition, the costs of selective taxes fall disproportionately on lower-income people, while more politically powerful interest groups benefit. At the same time, such policies are a poor way to raise funding for public services, and foster political corruption and self-serving bureaucracies accountable to no one. Indeed, policies discriminating against certain products may represent ominous trends easily extended into virtually every facet of people's lives. One can envision policies proscribing foods, sun bathing, obesity, and even books, films, and political and religious beliefs deemed "dangerous."Part I is devoted to the political economy of selective taxation. Contributors trace the history and politics of selective excise taxes in the United States, discussing the range of products that have been subject to such taxation from the founding period to the present. Part II explains how these taxes emerge in a political marketplace with opposing pressure groups scrambling for wealth transfers in their own favor. Part III looks at taxes on specific products as well as such banning policies as Prohibition and the war on drugs. Constitutional, economic, and civil liberty issues, including civil asset forfeiture and product liability, are discussed in Part IV. With the accelerating national debate over tax reform and the downsizing of government, Taxing Choice is a timely and far-reaching contribution to a debate of great interest to economists, policymakers, historians, sociologists, and taxpayers in general.

S 94 Prohibition on the Consideration of Retroactive Tax IncreasesS 94 Prohibition on the Consideration of Retroactive Tax Increases



S.94 would amend the Congressional Budget Act of 1974 to prohibit Congress from considering retroactive tax increases . Communicating for Agriculture strongly supports this legislation because of basic fairness , and because it should ...

Author: United States

Publisher:

ISBN: UCR:31210010534145

Category:

Page: 86

View: 725

Involving the Public in Healthcare PolicyInvolving the Public in Healthcare Policy



In an effort to understand the economic implications associated with various possible measures to tackle alcohol harms, the Home Office commissioned RAND Europe to undertake research into three particular policies -- minimum pricing, ban on ...

Author: Annalijn Conklin

Publisher:

ISBN: OCLC:702563373

Category:

Page: 65

View: 378

In an effort to understand the economic implications associated with various possible measures to tackle alcohol harms, the Home Office commissioned RAND Europe to undertake research into three particular policies -- minimum pricing, ban on below-cost sales, and taxation. This study presents evidence on the links between alcohol prices and consumption and the economic impacts of each policy option, the statistical data describing the market for alcohol and findings from interviews with key stakeholders. Main findings for each policy option are as follows: * Ban on below cost sales (cost defined as VAT + duty): The effect on consumption may be relatively small compared with broader restrictions on discounts and promotions, and also with the introduction of certain minimum prices or tax hikes. Nevertheless, even if the effect is small, where it increases the price of the cheapest drinks, the ban could potentially lead to some reduction in hazardous/harmful drinking. * Increased taxation: When the taxes are passed on, taxes affect all drinkers, which is why taxation has been considered a 'blunt instrument' that does not target those drinkers who cause harms, instead affecting all consumers to some extent. * Minimum price: Depending on the minimum price introduced, the effect of this policy is especially strong for low-cost alcohol. Thus, minimum pricing has important implications for young and hazardous/harmful drinkers and low-income groups, who are more likely to purchase cheaper drinks.

Modern Principles of EconomicsModern Principles of Economics



If the price of eggs increases by 10%, what will happen to the total revenue of egg producers or in other words the ... Becker suggests that the tax could be set so that it raised seller costs exactly as much as did prohibition (in ...

Author: Tyler Cowen

Publisher: Macmillan International Higher Education

ISBN: 9781319051785

Category:

Page: 960

View: 322

Engaging and provocative writing, as well as a knack for revealing the 'invisible hand' of economics at work have made Cowen and Tabarrok's Modern Principles of Economics a singularly distinctive and effective textbook for the principles course.

Tax Increase ProposalsTax Increase Proposals



Consider the case of a firm which was incurring losses in the base period established for an excessive profit tax . Blanket prohibition of increases in profits could condemn it to unsatisfactory performance for the life of the tax .

Author: United States. Congress. Senate. Committee on Finance

Publisher:

ISBN: IND:30000090920780

Category:

Page: 856

View: 748