excise tax investment & finance definition
A tax on the manufacture, purchase, or sale of a good or service. The tax may be based on the number of units or on value. Compare consumption tax.
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Definition
Excise tax
A tax on the sale or use of specific products or transactions.
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Excise Tax
1. An indirect tax charged on the sale of a particular good.
2. A penalty tax applied to ineligible transactions in retirement accounts. This penalty is assessed by and paid to the Internal Revenue Service (IRS).
EXCISE TAX - A tax levied upon the manufacture, sale or consumption of commodities, upon the license to pursue certain occupations, or upon corporate privileges within a taxing jurisdiction.
Excise tax
Federal or state tax placed on the sale or manufacture of a commodity, typically a luxury item e.g., alcohol.
Exclusionary self-tender
A firm's offer to buy a given amount of its own stock while excluding targeted stockholders.
Excise taxes, such as taxes on gasoline, cigarettes, and alcohol
Estate taxes, meaning taxes imposed on the taxable value of the estate of a dead person
Social Security taxes ...
sin tax An excise tax levied on products considered vices (i.e. tobacco and alcohol). Singapore Dollar The currency of Singapore. Learn more about Singapore and the Singapore Dollar at GoCurrency.
Excise taxes in some countries may be reaching their tipping point; Russia, for example, doesn't see much room to increase tobacco taxes.
As a result, excise taxes on goods brought increasingly high revenue, rising from $500 million in 1929 to $1.36 billion in 1935. Sales taxes are necessarily regressive and harm the poor the most.
Retail sales include durable and nondurable merchandise sold, andservices and excise taxes incidental to the sale of merchandise.Excluded are sales taxes collected directly from the customer.
6 percent, and the federal excise tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel. In January 2011, motor gasoline taxes averaged 48.1 cents per gallon and diesel fuel taxes averaged 53.1 cents per gallon.
Net Sales: Gross sales less any applicable excise taxes, returns, allowances and discounts or rebates given to customers.
Net Worth: The amount by which assets exceed liabilities.
If you leave the excess in the IRA, you'll owe a 6% excise tax on that amount every year it remains in the account.
401(k) contribution limits, and much more are all consolidated here to make it easy for you to calculate how much you can put away for your golden years. Adhering to these limits is important because otherwise you may have to pay an excise tax on the ...
It's not uncommon for plans to require full repayment of a loan within 60 days of termination of employment. If you don't repay, the loan is considered defaulted, and you are taxed on the outstanding balance, including excise taxes in many cases.
It is the timeliest indicator of broad consumer spending patterns and is adjusted for normal seasonal variation, holidays, and trading-day differences. Retail sales include durable and nondurable merchandise sold, and services and excise taxes ...
is generally treated like a certain degree of ownership of a property, in that it is considered a fixed asset and can be used as such in attaining credit or a loan. The owner of a leasehold can also be expected to pay a leasehold excise tax, ...
 See also: Account, Report, Investment, Interest, Sales
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