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The U.S. federal income tax is an excise tax, imposed on the privilege of earning income, the source of which has a nexus to the federal government. The amount of such earnings is not itself the subject of the tax but is used to measure the tax to be paid.
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What type of tax is excise tax?
its a specific tax on specific items, such as alcoholic beverages, like wiskey.
A tax on perfume is what kind of tax?
A tax on perfume is an excise tax. An excise tax is an in-country, or inland, tax on a specific good produced for sale. If the tax is on the perfume as it is imported, it is a customs duty or border 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.
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.
The excise tax on gasoline is used for a specific purpose what is it?
to build highways
What is a tax on production or sale of good called?
excise tax
What is the name of a tax assesses on a specific thing such as theater tickets alcoholic beverages or tobacco?
Excise tax -plato
What is the name of a tax assessed on a specific thing such as theater tickets alcohol beverages or tobacco?
Excise tax -plato
What is the name of a tax assessed on a specific thing such as theater tickets alcoholic beverages or tobacco?
Excise tax -plato
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
What items get excise tax?
alcohol cigarettes and items like that are taxed with and excise tax
A tax on perfume is an example of?
an excise tax.
