Federal Tax Essay

1514 words - 7 pages

Alcohol has been in the center of American society for hundreds of years. It has been the subject of much controversy. This included a ban of the substance from 1920 to 1933 in the United States under the 18th amendment. This attempt to outlaw alcohol was ultimately a failed attempt as the 21st amendment was ratified and repealed the 18th amendment. This was the first major attempt to do away with the negative affects associated with alcohol. This attempt was centered on the notion of making alcohol illegal, and this approach was unsuccessful, even backfiring. An economical approach to the situation hasn’t really been tried, as the taxes over the past decades have not increased noticeably. But, the goal of decreasing alcohol consumption could be achieved by following “the most fundamental law of economics”, which “links the price of a product to the demand for that product. Accordingly, increases in the monetary price of alcohol (i.e., through tax increases) would be expected to lower alcohol consumption and its adverse consequences” (pubs). This information would be relevant, as it would aid in the decline of negative affects of alcohol on health and minors. The government should raise the federal tax on alcohol in order to decrease the occurrence of the negative effects of alcohol.
One of the primary reasons that the government should raise federal taxes on alcohol is that it will help decrease alcoholism. Alcohol abuse is a very serious problem as alcohol is the most commonly used addictive substance used in the United States. 17.6 million people, or one in every twelve adults, suffer from alcohol abuse or dependence (ncaad). 17.6 million is a large proportion of the population in the United States, which is why addressing the federal tax on alcohol, is an important issue. Alcoholism is a serious problem that affects all aspects of someone’s life. Long-term alcohol use can cause serious health complications affecting virtually every organ in your body, including your brain. It can also damage your emotional stability, finances, career, and impact your family, friends and the people you work with (ncaad). It is evident that alcohol abuse is a something that not only affects the life of the consumer, but also the people around him. This is why the government should search for a solution in order to decrease the population that suffers from alcoholism. An increase of federal taxes on alcohol can certainly be a solution to the alcohol epidemic because of the relationship between higher taxes and alcohol consumption. Studies have “provided consistent evidence that increases in alcohol prices and alcohol taxes are associated with decreases in both excessive alcohol consumption and related harms” (the community). This means that an increase in the federal tax on alcohol would consequently reduce the consumption of alcohol and in doing so also limit the damaging health affects. The government should do what they can in order to better the lives of...

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