{"id":57013,"date":"2019-01-23t12:00:38","date_gmt":"2019-01-23t17:00:38","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=57013"},"modified":"2019-01-23t13:25:08","modified_gmt":"2019-01-23t18:25:08","slug":"6-key-facts-about-excise-taxes","status":"publish","type":"post","link":"\/\/www.g005e.com\/2019\/01\/23\/6-key-facts-about-excise-taxes\/","title":{"rendered":"6 key facts about excise taxes"},"content":{"rendered":"
<\/a>unexpected reasons the government wants more money.<\/strong><\/p>\n by barry j. friedman, cpa<\/i> everyone knows about income taxes and sales taxes, but we tend to forget about excise taxes, because they’re not obvious.<\/p>\n more: <\/b>how clients should gather their papers for taxes<\/a> | charitable giving under tcja<\/a> | why padding tax deductions is a risky proposition<\/a> | portability: sharing the estate tax exemption<\/a> | tariffs: what clients need to know now<\/a> excise taxes are paid when purchases are made on specific goods or activities, such as wagering or highway usage by trucks. the producers or merchants pay the tax and typically include the additional tax in the price to the end consumer. here are six key facts regarding common, little-known excise taxes:<\/p>\n the idea is to limit the use of certain products, such as alcohol and tobacco. states also levy excise taxes. some people say that excise taxes are stopgap measures to solve short-term problems. in fact, some note that discriminatory excises on the consumption of specified products is a step back in development of fiscal systems, postponing a more proper reform for the country or state.<\/p>\n are you unsure how excise taxes may affect your clients? give them a call.<\/p>\n","protected":false},"excerpt":{"rendered":"
\nindustrynewsletters<\/i><\/a><\/p>\n
\nexclusively for pro members. <\/span><\/strong>log in here<\/a> or 2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n
\n
\ngovernments levy excise taxes on\u00a0goods and services that have a high social cost, such as cigarettes, alcohol and gambling. excise taxes are also referred to as selective sales or differential commodity taxes.<\/p>\n\n