sin tax

(redirected from Vice tax)
Also found in: Dictionary, Financial.
Related to Vice tax: sin tax

'sin' tax

A popular term for any tax levied on 'pleasure poisons'–eg, alcohol, tobacco. See Alcohol, Smoking.
McGraw-Hill Concise Dictionary of Modern Medicine. © 2002 by The McGraw-Hill Companies, Inc.
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Moreover, reliance on such "vice taxes'' is not an effective long-term strategy, since the state's ultimate goal should be to dissuade everyone from smoking, a result that would, of course, mean the disappearance of all tobacco tax revenues.
A joint news release said, "[T]he legislation will keep taxes on telecommunication products and services--which are already on par with the 'vice taxes' of tobacco and alcohol--from spiraling out of control."
Among other 'vice taxes', an above-inflation increase in duty on cigarettes and tobacco is almost certain with the extra revenue earmarked for the health service.