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What items get excise tax?
alcohol cigarettes and items like that are taxed with and excise tax
How much excise tax will be charged and when it will charged?
The excise tax rate varies depending on the product or activity being taxed. Excise taxes are typically charged at the point of sale or during the manufacturing/importing process. The specific amount and timing of the excise tax will be determined by the relevant taxing authority and legislation governing the tax.
Hamiltons economic measure repealed by Jefferson and Gallatin?
Excise Tax -Pookie
What is A tax on a product or sale of a product?
Excise tax
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
How can someone define an excise tax?
According to the official website for the IRS: An excise tax is a tax which is paid when one purchases a specific product, such as gasoline. The excise tax on the product is often included in the sale price, which is the case with alcohol, cigarettes and fuel.
What is A government payment on the production or sale of a product?
excise tax
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.
Difference between Excise tax and sales tax?
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...
Which product is most likely to have a built-in excise tax?
high-pollutant gasoline
What determines the incidence of a tax?
the elasticity of demand of the product taxed
What determines the incident of tax?
the elasticity of demand of the product taxed
