Asked by Jessica Slate on May 19, 2024
Verified
If tax revenues from a tax on wine, beer, and hard liquor are used to pay for healthcare expenses related to liver damage, the alcohol tax could be justified using the __________.
Alcohol Tax
A special tax imposed on alcoholic beverages to generate revenue and/or discourage excessive consumption owing to health or social reasons.
- Articulate main tax concepts such as marginal tax rate, horizontal equity, and the principles justifying specific taxes.
Verified Answer
PS
Learning Objectives
- Articulate main tax concepts such as marginal tax rate, horizontal equity, and the principles justifying specific taxes.