Two kinds of taxes not explicitly mentioned in Figure 11.6 are luxury taxes (for example, taxes on furs, jewelry, boats, and airplanes) and sin taxes (for example, taxes on alcohol, tobacco, oil, gasoline, and firearms). What impacts, secondary as well as immediate, do you think each kind of tax has?
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Two kinds of taxes not explicitly mentioned in Figure 11.6 are luxury taxes (for example, taxes on furs, jewelry, boats, and airplanes) and sin taxes (for example, taxes on alcohol, tobacco, oil, gasoline, and firearms). What impacts, secondary as well as immediate, do you think each kind of tax has?
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