Can you help me describe the effects of taxation and price controls on the economy? and DC Statehood Now

Can you help me describe the effects of taxation and price controls on the economy?

I am looking to do a report on the federal taxation of tabacco.....I need to find two good articles deplicting the following.

Is the tax levied on producers or consumers?
How does the tax affect supply and or demand?
How does the tax affect the equilibrium price and quantity?
In this market (tabacco) describe a hypothetical situation where a price ceiling or floor could be imposed. What implications would tihs have for the market?


Taxation best answer:

Answer by JMF
Is the tax levied on producers or consumers?
Really it is levied on consumers.

How does the tax affect supply and or demand?
Tobacco is drogue, and that simulate a basic necessity, then tobacco is not affected by taxes.

How does the tax affect the equilibrium price and quantity?
In one society that there are not real right status, if price will increase maybe producer give less minus tobacco for the same price.

In this market (tobacco) describe a hypothetical situation where a price ceiling or floor could be imposed. What implications would this have for the market?

If the project that converts tobacco in medicine will make a reality, this market will increase a lot.

If tobacco continue been unhealthy more and more overtax will activate in the future.

Taxation

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Statehood might be a bit ambitious of a goal. But for sure, the time is right to get DC a vote. They do not have Senators, and their Congresswoman is actually a bit of a figurehead in that she can participate on committees and such but not in actual floor votes. This is why DC's license plates read "Taxation Without Representation," and why an electronic sign along the inaugural parade route on Pennsylvania Avenue read---at the time of the parade---"DC Residents Tax Dollars Paid: 7,704,453.60." And that figure would be even higher if Marion Barry could be bothered to pay his! (Update on 1/29---I called it: Barry Again Fails to File Tax Forms. What do I win?)

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So keep this in mind, the next time some Republican tells you that they needed to kill thousands upon thousands of Iraqi noncombatant citizens "in the name of democracy." Ask them what District neighborhoods they're planning to decimate with tanks and bombs before they'll let DC have the vote.

Visit DC Vote for more information, and to send a message to President Obama (who co-sponsored the version of the DC Voting Rights Act that came up in the last congress) asking him to take action.

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