Excise taxes apply to a single good, service or activity for a special reason. Examples include fuel, coal and alcohol.

Let's take a closer look at the definition of excise tax and where you're most likely to see the impact of excise tax as a consumer and as an investor. Excise tax defined Excise taxes are taxes ...

Take a Financial Relief Quiz. Get matched with an Authorized Partner. Commonly known as the “sin tax,” the excise tax is a tax on products that are considered harmful or detrimental to public ...

It falls under the definition of an “excise tax’’ as a tax imposed on a specific good or activity. A capital gains tax would be a tax on the profits realized when liquidating a long-term ...

So they merit some examination. Start with a definition. An excise tax is levied on a particular product or service, historically at a specified amount of money per unit of the good, though ...

A sin tax is an excise tax on specific goods and services due to their perceived ability to be harmful or costly to society. The tax comes at the time of purchase. Some items that often have a sin ...

Common forms of regressive tax include sales tax, excise tax, and payroll tax. A regressive tax is assessed regardless of income so low- and high-income earners pay the same dollar amount.

The tax may be imposed at the time of import, sale by the manufacturer, sale by the retailer or consumer.” Note here: not included in the IRS definition of excise taxes is a reference to ...