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Monday, March 8, 2010

Excise Tax/"Sin Tax"

Excise Tax is the tax being imposed on tobacco and alcohol products. It is similar to VAT which partakes the nature of an indirect tax since the burden of payment is ultimately shifted to the consumer.

It is also called “Sin Tax” because the goods being taxed are considered vices. Usually, the tax rate is extremely high to discourage the production and consumption of liquor or cigarettes.

Obviously, the society agrees with the Bible. It is clearly stated in some passages that getting drunk is a sin.

Ephesians 5:18
Do not get drunk on wine, which leads to debauchery. Instead, be filled with the Spirit.

Proverbs 23:21

21 for drunkards and gluttons become poor,
and drowsiness clothes them in rags.

And so is smoking. It is toxic and detrimental to our body. (I cannot even stand the smell of it.) Honoring God with our body includes achieving good physical health in order to be an efficient servant of God. A sick person normally has a very limited capacity.

1 Corinthians 6:19
Do you not know that your body is a temple of the Holy Spirit, who is in you, whom you have received from God? You are not your own; 20you were bought at a price. Therefore honor God with your body.


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1 comment:

  1. Hi Ms. Law,

    Its a good thing that our law makers made this law. It minimized smoker to those who can afford.

    Great insight, and word from the Holy Scripture! Thumbs Up!

    Jhong Medina

    ReplyDelete

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