Monday 22 July 2013

SIN TAX

Today's word: SIN TAX
Theme for this fortnight: TAXES

 
A state-sponsored tax that is added to products or services that are seen as vices, such as alcohol, tobacco and gambling. These type of taxes are levied by governments to discourage individuals from partaking in such activities without making the use of the products illegal. These taxes also provide a source of government revenue.

 

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