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Suppose there is a bill to increase the tax on cigarettes by $1 per pack coupled with an income tax cut of $500. suppose a person smokes an average of 500 packs of cigarettes per year--- and would thus face a tax increase of about $500 per year from the cigarette tax at the person's current level of consumption. The income tax measure would increase the person's after-tax income by $500. Would the combined measures likely to have any effect on the person's consumption of cigarettes? why or why not?
Suppose there is a bill to increase the tax on cigarettes by $1 per pack coupled with an income tax cut of $500. suppose a person smokes an average of 500 packs of cigarettes per year--- and would thus face a tax increase of about $500 per year from the cigarette tax at the person's current level of consumption. The income tax measure would increase the person's after-tax income by $500. Would the combined measures likely to have any effect on the person's consumption of cigarettes? why or why not?
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24 Sep 2023
Darryn D'SouzaLv10
28 Sep 2019
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