our income is $150. The price of Y is $5 and the price of X is $5. The Province is considering two taxes, an excise tax on Y which will triple the price of Y and a General Sales Tax (GST) on both products which will yield the same tax revenue. arefully illustrate the impact of both taxes. Y 30 28 26 24 22 20 18 80 84 50 68 65 16 14 12 10 8 6 4 2 6 8 10 12 14 16 18 20 22 24 26 28 30 X With the excise tax, how much worse off is the taxpayer? our income is $150. The price of Y is $5 and the price of X is $5. The Province is considering two taxes, an excise tax on Y which will triple the price of Y and a General Sales Tax (GST) on both products which will yield the same tax revenue. arefully illustrate the impact of both taxes. Y 30 28 26 24 22 20 18 80 84 50 68 65 16 14 12 10 8 6 4 2 6 8 10 12 14 16 18 20 22 24 26 28 30 X With the excise tax, how much worse off is the taxpayer