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- A sin tax is levied on specific goods and services at the time of purchase. These items receives the excise tax due to their ability, or perception , to be harmful or costly to society. Applicable items include tobacco products , alcohol, and gambling venture. Sin taxes seeks to deter people from engaging in socially harmful activities and behaviors , but they also provide a source of revenue for governments.
- Good morning class our lesson for today is about Sin Taxes
- SIN TAX
- Yes ma'am, I have hear that earlier while I'm watching the news where governments implemented taxes for alcohol and cigarettes to reduce it consumption and to promotes more healthier habits.
- Did you already heard something about this topic?
- Sin taxes are typically added to liquor, cigarettes, and goods that are considered morally hazardous. Because they generate enormous revenue, state government favor sin taxes , Society accept sin taxes because they effect only those who use sin taxed products or engage in sin taxes behavior, When in individual states run a deficit, a sin tax is generally one of the first taxes recommended by lawmakers to help fill the budget gap.
- Okay Mr. Ocampo I'm glad to hear that from you.
- Bye ma'am
- SIN TAX
- Bye ma'am
- Okay class that's all for now see you again tomorrow. Goodbye class.
- Pre, uwi kana? Tara muna dito yosi.
- Hindi pre bibili na lang ako ng meryenda hindi ko na kaya igastos sa pansigarilyo lang ang binibigay na allowance ng magulang ko lalo pa't makakasama din naman sa kalusugan ko ang paninigarilyo
- oh apo nakauwi ka na pala. Musta naman ang pag aaral?
- Mabuti naman po lo, naging madali lang ang pakikipagtalakayan sa aking guro dahil sa mga impormasyong nalaman ko kanina sa balita na kapareho ng topic na tinalakay ng guro namin kanina.
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