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Q: How are sales taxes and excise taxes alike?
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Which taxes are collected on the sales of gasoline and used to construct highways?

Excise Taxes.


When you subtract sales and excise taxes from the net national product you have calculated?

National Income


When you subtract sales and excise taxes from the net national product you have calculated the?

National Income


Are the 2 taxes charged on each pack of cigarettes a sales tax?

There is a federal excise tax and a state sales tax.


How many taxes are there in India?

service tax , income tax, sales tax, tds tax, excise tax & other taxes


What are the type of taxes?

Taxes may be proportional taxes, progressive taxes or regressive taxes, based on how they are calculated.Some types of taxes are excise taxes, income taxes, sales and value-added taxes, and property (ad valorem) taxes.


Taxes placed on luxury goods or services are known as?

excise taxes


How are excise taxes and customs similar?

Customs duties are basically excise taxes on imports.


Tax on gasoline is an example of what type of tax?

Tax on gasoline is an example of an excise tax. Excise taxes are taxes on specific goods or services that are typically included in the price of the product and paid by the consumer, rather than collected separately. The purpose of an excise tax is usually to discourage the consumption of the taxed item or to raise revenue for the government


Which of the following does not increase the price of certain goods a property tax B excise tax C tariff D sales tax?

property taxes


A tax on perfume is an example of what?

A tax on perfumeA tax on perfume is an example of an excise tax. Excise taxes are indirect taxes on certain types of goods.


What type of taxes is a sales tax?

Study island: It is a regressive tax. Citizens of a country are charged certain levies indirectly, commonly known as indirect taxes. These are the taxes payable on an activity or a commodity. Some common examples of indirect taxes are sales tax and excise tax.