What Does Sin Tax Mean?
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.
Investopedia explains Sin Tax
Sin taxes are typically added to liquor, cigarettes and other non-luxury items. State governments favor sin taxes because they generate an enormous amount of revenue and are usually easily accepted by the general public because they are indirect taxes that only affect those who use the products. When individual states run deficits, the sin tax is typically one of the first taxes recommended by lawmakers to help fill the budget gap.
OK PEOPLE WHAT IS THIS THE 1920's ARE WE GOING TO HAVE TO START MAKING HOOCH IN OUR KITCHENS?
AND WHAT THE HELL IS UP WITH THE NAME "SIN TAX" HOW VERY JUDGEMENTAL OF OUR GOVERNOR, HOW SOON HE FORGETS ABOUT "THE SEAT BELT LAW" THAT BIT HIM IN THE ASS...WHEN HE WASN'T WEARING ONE, AND WAS BADLY INJURED. FOR A MAN FACING A GRIM ELECTION..(CAN WE SAY NOT A SHOT IN HELL) HE HAS BEEN SCREWING UP ALL OVER NEW JERSEY IN MY PERSONAL OPINION, SHIT WITH THIS HORRID ECONOMY ALL WE HAVE IS OUR "VICES" TO KEEP US HAPPY AND SANE IN LIEU OF GOING POSTAL FROM BEING BROKE, LAID OFF, OVER WORKED, UNDER PAID AND STRESSED OUT. BUT I GUESS WHEN YOUR A MILLIONAIRE JUDGEMENTAL PRICK YOU DON'T WORRY ABOUT THINGS LIKE THAT. JUST THINK ALL
GOV. McGREEVEY DID FOR THIS STATE, AND WAS REMOVED FOR HAVING AN AFFAIR AND COMING OUT THE CLOSET, BEFORE THAT WAS KNOWN THEY WAS APPLAUDING THE MAN ON HIS PROGRESS, AT LEASE WE WAS ALL STILL EMPLOYED AND THE ECONOMY WAS GOOD. I DON'T UNDERSTAND HOW POLITICIANS GET AWAY WITH SUCH THINGS THAT ARE JUST DOWN RIGHT "POLITICALLY INCORRECT" BUT WHEN THEY DO SOMETHING IN THERE PRIVATE LIVES ITS BLOWN OUT OF PROPORTION, BUT I' AM YET TO HEAR ANYONE STAND OUT TO SAY THAT THIS NAME "SIN TAX" IS JUST WRONG....HOW ARE WE INDIVIDUALS IF WE ARE LEAD BY PEOPLE WHO WANT TO PUT THERE BELIEFS ON US OR CAST US DOWN FOR WHAT WE DO BELIEVE IN...I GUESS SOON WE WILL BE IN A STATE OF RUSSIA (WITHOUT THE VODKA)...LOL
