Understanding the Excise Tax
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
Understanding the Excise Tax
Excise tax is a tax imposed by the government on certain goods and services, typically ones that are considered luxury or non-essential items. The purpose of this tax is to raise revenue for the government and to discourage the use of these products and services, which are often seen as harmful to individuals or society as a whole.
Excise taxes can be levied on a wide range of goods and services, including alcohol, tobacco, gasoline, and sugary drinks. The amount of the tax can vary based on the product and the jurisdiction, but it is usually a specific dollar amount or a percentage of the product’s price.
Excise taxes are different from sales taxes, which are levied on all goods and services at the point of sale. Excise taxes, on the other hand, are typically levied at the manufacturing or distribution level, before the product reaches the consumer. This allows the government to directly target specific products and to track the amount of revenue generated from each product.
One of the benefits of excise taxes is that they can generate significant revenue for the government. For example, the federal government raises billions of dollars each year from excise taxes on tobacco and alcohol products. This revenue can be used to fund a variety of public services and initiatives, such as education, healthcare, and infrastructure projects.
In addition to generating revenue, excise taxes can also help to reduce the consumption of certain products. For example, increasing the excise tax on tobacco products has been shown to reduce smoking rates, especially among youth and low-income populations. Similarly, increasing the tax on sugary drinks has been shown to reduce the consumption of these drinks and to decrease the incidence of obesity and related health problems.
However, there are also potential drawbacks to excise taxes. For one, they can be regressive, meaning that they disproportionately affect low-income individuals who are more likely to purchase taxed goods and services. This can be a concern for policymakers who are looking for ways to raise revenue in a way that is fair and equitable.
Another potential issue with excise taxes is that they can be difficult to enforce. For example, if a state imposes a high tax on alcohol, consumers may simply purchase the product from a neighboring state with a lower tax rate. This can result in lost revenue for the government and can make it difficult to achieve the desired reduction in consumption.
Finally, there are concerns about the impact of excise taxes on businesses and jobs. For example, increasing the tax on a particular product may lead to decreased demand, which can hurt businesses that sell that product. Additionally, businesses that produce taxed goods may move their operations to other countries to avoid the tax, which can lead to job losses and economic disruption.
In conclusion, excise taxes are a tool used by governments to raise revenue and to reduce the consumption of certain goods and services. While they can be effective in achieving these goals, they also come with potential drawbacks, such as regressive effects, difficulty in enforcement, and potential harm to businesses and jobs. Policymakers need to carefully consider the potential benefits and drawbacks of these taxes when making decisions about their implementation.
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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