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U.S Federal Taxes vs. State Taxes?

What is the difference between the taxes such as EXCISE TAXES of those of the Government and those of the state...do we pay both government and state just to buy EXCISE ITEMS?

3 Answers

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  • Bobbie
    Lv 7
    9 years ago
    Favorite Answer

    EXCISE TAXES are all different kinds and additional charges on a lot of bills that you will receive during the year and monthly for this purpose and time in your life.

    Excise - Wikipedia, the free encyclopedia

    An excise or excise tax (sometimes called a duty of excise special tax) is an

    inland tax on the sale, or production for sale, of specific goods or a tax on a good ...

    http://en.wikipedia.org/wiki/Excise

    Excise tax in the United States - Wikipedia, the free encyclopedia

    Excise tax in the United States is an indirect tax on listed items. Excise taxes can

    be and are made by federal, state and local governments and are not uniform ...

    http://en.wikipedia.org/wiki/Excise_tax_in_the_Uni...

    Excise Tax Definition | Investopedia

    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 ...

    http://www.investopedia.com/terms/e/excisetax.asp

    What is an Excise Tax - Excise Tax Definition

    An excise tax is a tax on use or consumption of certain products. Excise taxes are

    sometimes included in the price of a product, such as motor fuels, cigarettes, ...

    http://biztaxlaw.about.com/od/glossarye/g/exciseta...

    Good Luck.

    Hope that you find the above enclosed information useful. 09/04/2012

  • tro
    Lv 7
    9 years ago

    excise taxes are imposed by the federal gov't, I am unaware of any state excise taxes

    time was that jewelry, cosmetics had excise taxes imposed

    currently there are excise taxes on communications, I believe tires, and possibly expensive luxury cars

  • 9 years ago

    There are many types of taxes

    Income taxes which are based on income

    Sales taxes which are based on purchase price

    Excise taxes which are on certain items or categories of items

    Source(s): tax pro
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