Reaction: Sin Tax Law Essay

I am so successful of the re onlyy purpose of pas snake pitg the sin levy law which is to protect the health and save the lives of the countrymen. This simply means that the presidency officials ar concern about the neat health of all Filipinos but this doesnt mean that I am into this bill, for rough reasons that the regime or most of the senate themselves emited to looking unto. Firstly, I would like to agree with Sen. Marcos who verbalise that farmers stand to lose their livelihood because of the measure. This is very true, we all know of the fact that Philippines i trademark in the field of present moment and export of raw materials is the tobacco, on that point kick in been a lot of Filipino families who are dependent on their incomes from tobacco industries and wine manufactories. And here comes this bill passed without proposing alternatives that would help these spate it should be taken an account in the first place .It is even harder for the presidency to give back jobs for thousands of jobless Filipinos who have ruined their degrees how much more these state. Is the government expecting them to substantially shift to a nonher source of income? What anatomy of income would that be? Smuggling? Second, given the proposed charges of inebriant and cigarettes, I see it as so illogical for the government to risk their period and effort on this issue , talent the people-friendly values at the end of the day I suggest this is not supporting to their proposal, because for the people who have been addicted to cigarettes and alcoholic beverage, like the require of rice no matter how you growing the price since it is what they needed and wanted theyd quite a take the risk to withdraw a source of money except to buy those things. Sin assess is a form of an excise measure. It is a tax levied on some commodities but not all commodities unlike sales tax. This is how the government gene straddles more revenuesHowever, the opposition claims that this bill allow backfire on its goals. Since the price of the price of the commodities resulting rise, the demand lead decrease. Thus, there entrust be no revenues to generate which contrast one of the goals of the bill since industries such as tobacco exit die. However, the p roducts under sin tax are vices. about people are already addicted to them. Even if the price of these products will rise , people will silent buy though some price conscious such as the unfortunate sector and students will cut their spending .Plus, even the demand for the sin products will decrease the increased tax will make up for the loss demand. Thus, the industries will not die. The opposition to a fault tell that the rate of smuggling will worsen. Thats all i can say this law. reception SIN TAX LAW restrictive taxes are ostensibly utilise for cut back transactions involving something that society considers undesirable, and is thus a kind of sumptuary law. Sin tax is used for t axes on activities that are considered socially undesirable. Common targets of sumptuary taxes are alcohol and tobacco, sport, and vehicles emitting excessive pollutants. Sumptuary tax on sugar and soft drinks has also been suggested.1 Some jurisdictions have also levied taxes on culpable drugs such as cocaine and marijuana.citation needed The revenue generated by sin taxes is sometimes used for special projects, but might also be used in the characterless budget.American cities and countries have used them to suffer for stadiums, while in Sweden the tax for maneuver is used for helping people with gambling problems. Sin taxes have historically triggered rearing smuggling and black markets, especially when they pass water large price differences in close jurisdictions.citation needed Critics of sin tax arguewho? that it is a regressive tax in nature and discriminates against the trim down classes, since taxation of a product such as alcohol or cigarettes does not account f or ability to carry, therefore sorry people pay a great amount of their income as tax.Sin taxes are not normally value added in nature meaning that expensive, high-quality products more probably to be purchased by the wealthy will have the tax comprise a much smaller equipoise of its lowest purchase price, thus ensuring that the lower classes pay a much greater proportion of their lower income in tax. Sin taxes fail to affect consumers behaviorS in the way that tax proponents suggest, for instance increasing plentyrs propensity to smoke high-tar, high-nicotine cigarettes when the per-pack price is raised and increasing the rate of people mixing their own drinks rather than buying pre-mix alcoholic spirits