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 ...

Without regulatory exceptions, some nonprofits could be forced to restructure their workforce or even close, the AICPA warned ...

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 ...

President Ferdinand Marcos announced Monday that excise taxes on LPG and kerosene would be trimmed to ease the fuel price shock wrought by the US-Israeli ...

Have you ever wondered why gas, cigarettes or alcohol cost so much? The answer often comes down to an excise tax — a special tax that’s built right into the price of certain goods. So, what is excise ...