Module 15 presents the economic analysis of excise taxes and
discuss various issues surrounding excise taxes. Two issues
discussed are the incidence of taxes, i.e. who really bears the
cost of taxes, and principles of tax fairness including the benefits
principle.
1. From the historic information presented in the video,
discuss whether you believe that the excise tax placed on whiskey
to pay for the national debt incurred during the U.S. Revolutionary
War can be justified by the benefits principle or if some other
explanation seems more appropriate. In addressing this question, be
sure to define what is meant by the benefits principle.
2. Based on the economics of tax incidence, discuss how the
intensity of protest over imposition of the excise tax on whiskey
to pay for the national debt incurred during the U.S. Revolutionary
War may be related to the supply and demand elasticities of whiskey
during the late 1700’s. Assume that the demand for whiskey was
elastic during the late 1700’s and that the supply of whiskey
produced in the frontier regions of the country was inelastic
during this time period.
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