sin tax definition by Webster's New World
Webster's New World College Dictionary Copyright © 2010 by Wiley Publishing, Inc., Cleveland, Ohio. Used by arrangement with John Wiley & Sons, Inc.
a tax on a product or activity, esp. liquor, tobacco, or gambling, customarily regarded as sinful or harmful
sin tax definition by American Heritage Dictionary
noun InformalThe American Heritage® Dictionary of the English Language, 4th edition Copyright © 2010 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
A tax on certain items, such as cigarettes and alcohol, that are regarded as neither necessities nor luxuries.
sin tax - Business Definition
The American Heritage® Dictionary of Business Terms Copyright © 2010 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
A government levy on goods or services considered by many citizens to be socially objectionable. Cigarettes and liquor are two favorite targets for the levying of a sin tax. Taxes on gambling and legalized prostitution would also be considered sin taxes. A government that wants additional revenues can try to make a case that additional sin taxes will reduce consumption of an objectionable good or service. Proponents claim people can always quit using the good or service if they want to avoid the tax.
sin tax - Investment & Finance Definition
A slang term for taxes on items considered to be harmful, such as cigarettes or liquor.