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Excise taxes apply to a single good, service or activity for a special reason. Examples include fuel, coal and alcohol.
This article explains how various excise taxes function and examines how these taxes are applied within the regulated ...
Explore what regressive taxes are, how they affect low-income earners, and examples like sales, excise, and payroll taxes ...
The higher your income is, the lower the tax burden will be. Examples of regressive taxes include state sales taxes, excise taxes, user fees, payroll taxes and to some degree, property taxes.
As an excise tax, consumers pay sin tax when an item, such as a pack of cigarettes, is purchased at a sales counter.
President Trump's new tariffs are pouring in. But it's still only a fraction of overall government revenues — and falls short ...
The Treasury Department and the Internal Revenue Service released Notice 2023-2 last week providing interim guidance for the new excise tax on repurchases of corporate stock beginning Jan. 1, 2023.
The new GOP tax bill would include a 20% excise tax on payments from US entities to foreign subsidiaries, which has drawn the ire of some industry groups.