Sin tax never heard of it!! Yes it is also a form of tax which is placed on the tobacco and alcohol.
Because cigarettes and alcohol taxes are built in the price of these products, many people don’t even know they are paying them. But what if they have no taxes on these products?
The average rate of 20 cigarettes is $6.10 in federal state and municipal excise taxes. Tobacco is one of the most taxes paid commodity accounting for $ 5 billion.
Wine, spirits and beer all the three are taxed separately by both the federal and state laws. Alcohol is taxed by volume with different rates applicable to beer, wine and liquor.