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An unusual example of a state "excise" tax is found in the State of Hawaii. Instead of a sales tax, the State of Hawaii imposes a General Excise Tax, or GET, on all business activity in the State. The GET is charged at a rate of 4% for most businesses and 0.5% for wholesalers.
Examples of China's excise taxes would be: Alcohol Tax: The taxes for alcohol vary depending on the type of alcohol and its alcohol content. Fuel Tax: In China tax on fuels differs for every type of fuel. For instance, the excise tax on gasoline is 1.52 yuan per liter and for diesel is 1.2 yuan per liter.
For example, cigarettes have a federal excise tax of a little more than $1 on each pack. Other products with excise taxes include fuel, alcohol and sports betting.
Carbon tax is a tax levied on the carbon content of fuels, as a measure to income the impact of global warming. Fat tax is a tax levied on unhealthy foods. Financial transaction tax is a tax on certain financial transactions, such as the sale of stocks. Fuel excise is a tax levied on fuels, especially for motor vehicles.
Excise taxes apply to specific goods and services. Businesses that make or sell chosen goods and services collect most of these taxes. As a consumer, you generally won’t get a bill for excise tax.
The estate tax is an excise tax levied on the right to pass property at death. It is imposed on the estate, not the beneficiary. Some states impose an inheritance tax on recipients of bequests. Gift taxes are levied on the giver (donor) of property where the property is transferred for less than adequate consideration.
A gross receipts tax or gross excise tax is a tax on the total gross revenues of a company, regardless of their source. A gross receipts tax is often compared to a sales tax ; the difference is that a gross receipts tax is levied upon the seller of goods or services, while a sales tax is nominally levied upon the buyer (although both are ...
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