0
Still curious? Ask our experts.
Chat with our AI personalities
Jordan
Vivi
DevinA tariff is the tax placed on the shipment of imported goods that are imported. An excise tax is an indirect tax that is charged upon the sale of one good.
A tariff tax is a tax charged on import shipment of goods but excise tax is on sales of one good.
Add your answer:
Earn +20 pts
Difference between Excise tax and sales tax?
Sales tax is what consumers normally pay for, or are charged for a good/ service; and excise tax is the "hidden" tax that the producers or sellers pay for. Sales tax is listed separately. Sometimes producers and sellers include the value of the excise tax within the goods or service as an " indirect tax". So that means, theoretically, sometimes consumers are being taxed twice for the price. You can find more info about sales tax and excise tax at the B.L.S. or the Federal Bureau of Labor and Stats...
Is excise tax the same as sales tax?
no
Which is an example of an excise tax?
a tax on certain products
A tax on perfume is what kind of tax?
A tax on perfume is an excise tax. An excise tax is an in-country, or inland, tax on a specific good produced for sale. If the tax is on the perfume as it is imported, it is a customs duty or border tax.
Which best defines excise tax?
a tax on a vendor's sale by an authorized level of government
