Types of Excise Taxes?

Answer Taxes permeate every part of a modern adult's daily life, sometimes in ways that are difficult to spot. Excise taxes, often called hidden taxes, are levied on a particular item and built into its p... Read More »

Top Q&A For: Types of Excise Taxes

What is the Excise Tax Act?

The Excise Tax Act is a national law in Canada that imposes a 5 percent tax on most domestic sales. The tax is known as the Goods and Services Tax (GST). Some items, such as groceries and prescript... Read More »

What Is an Excise Duty?

Mark Twain once said there were two sure things in life: death and taxes. What he didn't anticipate was how many different varieties of taxes would exist today. One of the well-used types is the ex... Read More »

What is the federal excise tax?

If you bought gasoline today, you paid a federal excise tax. You will find excises taxes on many products, services and activities you do each day. The United States government uses these taxes to ... Read More »

What is a federal excise tax?

Federal excises are a tax that most people have never heard of or seen, but it affects nearly everyone on a daily basis. Most of our favorite products, such as gasoline, are hit with a federal exci... Read More »