Excise taxes are indirect taxes levied on specific goods, services, and activities rather than on broad income or general sales.
Excise taxes are applied at federal, state, and local levels to a wide variety of items:
The amount owed is generally calculated using one of two methods:
: Firearms, ammunition, sport fishing equipment, and bows and arrows. Calculation Methods
: Indoor tanning, wagering (gambling), and certain health care-related fees.
Excise taxes are indirect taxes levied on specific goods, services, and activities rather than on broad income or general sales.
Excise taxes are applied at federal, state, and local levels to a wide variety of items:
The amount owed is generally calculated using one of two methods:
: Firearms, ammunition, sport fishing equipment, and bows and arrows. Calculation Methods
: Indoor tanning, wagering (gambling), and certain health care-related fees.