Sin Taxes Research Paper

Sin Taxes Research Paper-9
There’s a growing policy wave in favor of these kinds of policies, so it seems like a good time to be looking at it and trying to understand some of these implications.

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A recent Pew Research Center report revealed that Idaho has some of the lowest revenue collected from sin taxes in the United States included in the total state budget, ranking 44th.

In terms of state revenue, sin taxes, also known as excise taxes, account for 2 percent of the state’s budget.

In many cases, these taxes are an incentive to lower consumption and improve health.

But sin taxes can disproportionately hurt lower-income consumers, while wealthy shoppers enjoy tax breaks on items only they can afford, such as energy-efficient windows and appliances.

A couple of years ago, there was a study estimating that if people were to reduce their sugary beverage consumption by around 20%, then the health benefits that they would reap would be something akin to giving them each a check between $100 or $300 each year. On the other hand, from an economist’s perspective, it’s not enough for something to have negative consequences to justify taxing it.

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Things like rock climbing have negative health consequences, potentially.

A recent study by Benjamin Lockwood, a Wharton professor of business economics and public policy, and coauthor Dmitry Taubinsky from Dartmouth College examines the impact of sin taxes and whether there is a middle ground.

The researchers also look at what is being called “revenue recycling,” where these taxes can be used to fund initiatives that benefit lower-income consumers.

In particular, a reason for concern about sugary beverages is that often the negative health consequences come a long time after the date of consumption.

You get diabetes or heart disease much later in life.


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