The Bureau of Labor Statistics’ Consumer Expenditure Survey: 2007 gives the following data: Income Category Average Income Before Taxes ($) Alcoholic Beverage Expenditures ($) Tobacco Products Expenditures
First Quintile 10,531 176 259
Second Quintile 27,674 272 337
Third Quintile 46,213 413 381
Fourth Quintile 72,460 506 371
Highest Quintile 158,388 917 268
Analyze the likely vertical equity of selective excises on alcoholic beverages and tobacco products.