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Fiscal Administration

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What are the various types of consumption taxes? What are the justifications for each type
Why are general sales taxes and excise taxes on liquor and tobacco often regressive?
What are the major benefits and disadvantages of imposing user charges?

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Solution Summary

The expert examines the various types of consumption taxes. the justification for each type are determined. The major benefits and disadvantages of imposing user charges. Why general sales taxes and excise taxes on liquor and tobacco often regressive are determined.

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Consumption taxes = taxes on spending (rather than on income)

The most common types of consumption taxes are sales taxes, excise taxes, and value added taxes.

Excise taxes are levied on specific goods. These are intended to discourage consumption of these goods or in the case of public goods, they are intended to be collected from the users of the public good rather than the general taxpayer.

Sales taxes (ex on retail goods) are imposed to raise revenue for state and local ...

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