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. But ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Samantha (Sam) Silberstein, CFP®, CSLP®, EA, is an experienced financial consultant. She has ...

IRS spokesperson Stacy Engle said most excise tax paid by consumers goes toward funding projects the tax is for, such as highway or airport improvements. What is excise tax and where does it go?

[Stay on top of transportation news: Get TTNews in your inbox.] The repeal of a tax on the purchase of new trucks was discussed during a recent hearing in the U.S. House of Representatives. Rep. Chris ...

An excise tax is a tax levied by the government on a specific good or service; it is paid by the manufacturer or the supplier, rather than the consumer. However, an excise tax, which any level of ...

Public sector oil companies have absorbed under-recoveries of Rs 24,500 crore on petrol and diesel to keep pump prices on ...

GOP gubernatorial candidate Brian Shortsleeve is crowdsourcing his distaste for Gov. Maura Healey’s proposal to allow cities and towns to boost auto excise taxes. Healey has refiled the Municipal ...

The Internal Revenue Service requires individuals and organizations to pay excise taxes on certain gasoline and environmentally related purchases. While some exemptions apply, the nonprofit ...

Forbes contributors publish independent expert analyses and insights. I consult on protecting retirement savings from costly mistakes. Oct 10, 2022, 02:45pm EDT Oct 10, 2022, 06:49pm EDT This article ...

Eleven years ago, two days before Christmas, my 24-year-old brother, who was a university graduate and former law student, died from a self-inflicted gunshot wound. After a decade of hard and ...