Sin tax
EXCISE OR SALES TAX SPECIFICALLY LEVIED ON GOODS DEEMED HARMFUL TO SOCIETY AND INDIVIDUALS (E.G. DRUGS, ALCOHOL, TOBACCO, COFFEE, SUGAR, CANDIES, SOFT DRINKS, FAST FOOD, GAMBLING, PORNOGRAPHY)
Sin taxes; Vice tax; Sin Tax; Punitive tax; Demerit tax; Health tax
A sin tax is an excise tax specifically levied on certain goods deemed harmful to society and individuals, such as alcohol, tobacco, drugs, candies, soft drinks, fast foods, coffee, sugar, gambling, and pornography. In contrast to Pigovian taxes, which are to pay for the damage to society caused by these goods, sin taxes are used to increase the price in an effort to lower demand, or failing that, to increase and find new sources of revenue.