Difference between revisions of "Excise Taxes"
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== Definition == | == Definition == | ||
| − | '''Excise Taxes'''. Taxes that are levied by the Federal Government on the manufacture, sale, or consumption of specific items, usually on a per-unit basis rather than a percentage basis. For example, cigarettes are taxed by the pack or carton, alcoholic beverages are taxed by the bottle, and gasoline is taxed by the gallon. Excise taxes are a type of commodity tax.<ref>Concepts and Methods of the US Input-Output Accounts. K.J.Horowitz, M.A.Planting, 2009</ref> | + | '''Excise Taxes'''. Taxes that are levied by the US Federal Government on the manufacture, sale, or consumption of specific items, usually on a per-unit basis rather than a percentage basis. |
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| + | For example, cigarettes are taxed by the pack or carton, alcoholic beverages are taxed by the bottle, and gasoline is taxed by the gallon. Excise taxes are a type of commodity tax.<ref>Concepts and Methods of the US Input-Output Accounts. K.J.Horowitz, M.A.Planting, 2009</ref> | ||
== References == | == References == | ||
Latest revision as of 23:25, 13 November 2023
Definition
Excise Taxes. Taxes that are levied by the US Federal Government on the manufacture, sale, or consumption of specific items, usually on a per-unit basis rather than a percentage basis.
For example, cigarettes are taxed by the pack or carton, alcoholic beverages are taxed by the bottle, and gasoline is taxed by the gallon. Excise taxes are a type of commodity tax.[1]
References
- ↑ Concepts and Methods of the US Input-Output Accounts. K.J.Horowitz, M.A.Planting, 2009
