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

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 ...

The issues were complex and related to the definition of a “toll” call. It resulted in the banishment of tolls for long-distance calls and bundled services. The telephone excise tax has long ...

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 ...

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 ...

As an excise tax, consumers pay sin tax when an item, such as a pack of cigarettes, is purchased at a sales counter. Sin tax rates can range from a little to a lot, but they tend to be higher than ...