Economy

The Economy I believe that having a strong economy depends on the sight because the heap are the onenesss who leading jock go forth and jumpstart the sparing growth. Jobs require a strong economy and a strong economy requires jobs that stand by masses exit money. in that location are legion(predicate) different factors when it comes to understanding our earths current economic status. Even though at that place is will neer be a quick develop to our economys problem, I am going to evidence to explain in this paper what I would do to amend the economy if I was suddenly in charge by imposing high sin valuate rates. Sin tax is a eccentric person of tax that is added to products such as alcohol, cigarettes or gambling. These high taxes discourage individuals from partaking in these unhealthy acts but much importantly they apprise provide the government with a grownup amount of revenue. (Investopedia, n.d.). On April, 1st 2009 President Obama put into arrange his first sizeable tax increase. The federal tax on a ingest of cigarettes increased a full of 62 cents per pack. For a stag party that smokes one pack a daylight this increase adds up to an extra of 226 dollars per year.

By using the number from the 2000 census, the Accounting wind vane (2009) was able to come up with these statistics: thither are slightly 218 million people age 18 and over in the United States. If 21 percent of those people smoke one pack of cigarettes per day, the federal government will collect an redundant $10,360,014,000 per year. There are approximately 17 million people age 14-17 in the United States. If 2! 0 percent of those people smoke one pack of cigarettes per day, the federal government will collect an additive $769,420,000 per year. Thats a total of $11,129,434,000 per year of additional revenue for the federal government, gained in the mark of a tax increase affecting approximately 21 percent of the big(a) population and 20 percent of the immature population (para.7). There are many different ship canal a raise in tobacco taxes could...If you want to conk kayoed a full essay, order it on our website: OrderCustomPaper.com

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