Sin Taxes

Sin taxes are special taxes imposed on products or activities that are considered harmful to society, such as tobacco, alcohol, and sugary drinks. The purpose of these taxes is twofold: to discourage unhealthy behaviors by making these products more expensive, and to generate revenue for the government, often funding health programs or public services. By raising prices on these items, sin taxes aim to reduce consumption and mitigate negative health effects, while also addressing the societal costs associated with issues like smoking-related diseases and obesity.