Excise Taxes
Excise taxes, which are sales taxes on specific goods or services.
Excise taxes are also called selective sales taxes.
Goods subject to excise taxes in the United States include tobacco products, alcoholic beverages, gasoline, and some luxury items.
Excise Taxes
Governments sometimes levy excise taxes to pay for specific projects.
Some national governments impose an excise tax on airline tickets to help pay for airport improvements or airline security.
Revenues from gasoline taxes typically pay for highway construction and improvements.
Excise taxes designed to limit consumption of a product, such as taxes on cigarettes and alcoholic beverages, are commonly known as “sin taxes.”
Excise Taxes
Another type of excise tax is the license tax.
Most states require people to buy licenses to engage in certain activities, such as hunting and fishing, operating a motor vehicle, owning a business, and selling alcoholic beverages.
Excise Taxes Excise taxes, which are sales taxes on specific goods or services. Excise taxes are also called selective sales taxes.Goods subject to excise taxes in the United States include tobacco products, alcoholic beverages, gasoline, and some luxury items.Excise Taxes Governments sometimes levy excise taxes to pay for specific projects. Some national governments impose an excise tax on airline tickets to help pay for airport improvements or airline security. Revenues from gasoline taxes typically pay for highway construction and improvements. Excise taxes designed to limit consumption of a product, such as taxes on cigarettes and alcoholic beverages, are commonly known as “sin taxes.”Excise Taxes Another type of excise tax is the license tax. Most states require people to buy licenses to engage in certain activities, such as hunting and fishing, operating a motor vehicle, owning a business, and selling alcoholic beverages.
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