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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.


A tariff is a tax charged on what?

imported or exported goods


Tariff?

A type of tax charged on imports


What is a sugar tariff?

A tax charged by the Federal Government on imported sugar.


A tariff is a kind of tax or fee charged to what kind of products?

imported products by the country importing them.


What are types of tariff with an example of its use?

Revenue tariff: A 5% tariff on sugar to generate public revenue; Protective tariff: A 50% tariff on sugar to keep domestic sugar producers in business; Retaliatory tariff: A 500% tariff on sugar to reply to a high tariff imposed by another country. or sales tax- 8% charged on purchases of luxury goods excise tax- 20% tax charged on each pack of cigarettes capital gains- 15% charged on profits from selling commodities or revenue tariff- a 6% tariff on oranges to provide money for the government protective tariff- a 50% tariff on oranges to shield domestic orange growers from international competition retaliatory tariff- a 200% tariff on oranges to reply to a high tariff imposed by another country


Which word means the same as a tariff?

A tariff is similar to a tax.


What is a tax on imports?

Tariff


What is a import tax?

Tariff


What is tax on imports?

Tariff


Is a tariff a tax?

YES


What is a mean tariff?

A tariff is a tax or fee on imported and exported goods