Excise Company Log For Free

General fund excise taxes are imposed on many goods and services, the most prominent of which are alcohol, tobacco, and health insurance. Other general fund excise taxes include taxes on local telephone service, vehicles with low-mileage ratings (?gas guzzlers?), ozone-depleting chemicals, and indoor tanning services.

The amount of revenue collected by the government can then be calculated by multiplying the excise tax itself (t) by the quantity of goods that will be produced at this equilibrium (Q).

Sales and excise taxes, or consumption taxes, are an important revenue source, comprising close to half of all state tax revenues. These taxes are levied in each of the fifty states and are often considered ?hidden? to consumers since they're spread out over many purchases rather than paid in one lump sum.

BASIC CONCEPT: Excise Tax is a tax on the production, sale or consumption of a commodity in a country.

MANNER OF COMPUTATION: Specific Tax = No. of Units/other measurements x Specific Tax Rate. Ad Valorem Tax = No. of Units/other measurements x Selling Price of any specific value per unit x Ad Valorem Tax Rate.

Key Takeaways An excise tax is similar to a sales tax, but it's levied only on certain products or services. The most common excise taxes are imposed on tobacco, alcohol, and gasoline.The tax is generally payable by the manufacturer.

Divide the total market revenue by the total number of excise goods sold during the period ? this will give you the average tax base of the goods. Multiply the figure at step 4 by the appropriate tax rate to calculate the notional excise tax on the price.

All you need to do is to visit SEC.gov, click Filings and then access EDGAR Company filings. Enter the name of the company and click Search. You can also check an organization's daily fillings, archives and mutual funds.

You can access your federal tax account through a secure login at IRS.gov/account.

Excise taxes are taxes paid when purchases are made on a specific good, such as gasoline. Excise taxes are often included in the price of the product. There are also excise taxes on activities, such as on wagering or on highway usage by trucks.