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Total sin taxes in the US are 60 Billion dollars or so or about 0.3% of our 20 trillion GDP. 0.3% of your 40 hour work week is a little over 7 minutes. You ar
by harryh 7y ago
Total sin taxes in the US are 60 Billion dollars or so or about 0.3% of our 20 trillion GDP.
0.3% of your 40 hour work week is a little over 7 minutes.
You are significantly overstating the importance of these taxes on your budget.
- flukus 7y agoI'm in Australia not the US and sin taxes aren't spread out evenly, especially with cigarettes (not that this is a bad thing). For perspective $50 a week is a doable food budget for an individual, a pack of 40 cigarettes is $50 and a pint of beer can be more than $10. So a weekly budget can look like Food: $50, Cigarettes: $200, Drinking: $100. And that would be a quiet week.