0
Sales tax is what consumers normally pay for, or are charged for a good/ service; and excise tax is the "hidden" tax that the producers or sellers pay for. Sales tax is listed separately.
Sometimes producers and sellers include the value of the excise tax within the goods or service as an " indirect tax".
So that means, theoretically, sometimes consumers are being taxed twice for the price.
You can find more info about sales tax and excise tax at the B.L.S. or the Federal Bureau of Labor and Stats...
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
Is excise tax the same as sales tax?
no
What is the difference between a tariff and an excise tax?
A tariff is the tax placed on the shipment of imported goods that are imported. An excise tax is an indirect tax that is charged upon the sale of one good.
Is general sales tax also referred to as an excise tax?
No
Is Gas sales tax deductible?
Gas tax is an excise tax not a sales tax. It is therefore not deductible for federal income tax purposes.
Which type of tax is calculated on a per-item basis?
An excise tax or sales tax is calculated on a per-item basis
Is excise tax the same as sales tax?
no
What is the difference between a tariff and an excise tax?
A tariff is the tax placed on the shipment of imported goods that are imported. An excise tax is an indirect tax that is charged upon the sale of one good.
Is general sales tax also referred to as an excise tax?
No
What is another name for selective sales tax?
excise tax
This is another name for selective sales tax?
excise tax
Another name for selective sales tax?
Excise tax :)
9 percent tax on a sales is an example of what type of tax?
excise tax
Is sales tax deductable?
Gas tax is an excise tax not a sales tax. It is therefore not deductible for federal income tax purposes.
Is Gas sales tax deductible?
Gas tax is an excise tax not a sales tax. It is therefore not deductible for federal income tax purposes.
Are the 2 taxes charged on each pack of cigarettes a sales tax?
There is a federal excise tax and a state sales tax.
What describes an excise tax?
types of sales tax initially paid by the wholesaler
What are the two largest sources of revenue for states?
The answer is sales tax and excise tax. Sales tax is charges on purchases of goods and services, usually a percentage of the price. Excise tax is a charge on products such as alcoholic beverages, gasoline, and tobacco.
