Changes

Jump to navigation Jump to search
241 bytes added ,  02:22, February 23, 2011
How could the list be missing Excise tax?
Line 18: Line 18:  
*[[Toll]]s are fees paid by users of a specific piece of [[infrastructure]], like a tollroad or toll bridge
 
*[[Toll]]s are fees paid by users of a specific piece of [[infrastructure]], like a tollroad or toll bridge
 
*[[Value Added Tax|Value added tax]] is charged to manufacturers on the increase in value from raw materials to finished product (and of course passed along to consumers of the product); it is common in Europe and not used in the U.S.
 
*[[Value Added Tax|Value added tax]] is charged to manufacturers on the increase in value from raw materials to finished product (and of course passed along to consumers of the product); it is common in Europe and not used in the U.S.
 +
*[[Excise tax]] is a special tax on the production or sale of some specific good or commodity. It is an inland tax, rather than a Tariff. The US federal government was run on excise taxes from various forms of alcohol until [[prohibition]].
    
Most systems of taxation not only use a combination of several of these, but have many exceptions (and loopholes) from universal application - for instance, a sales tax might not apply to food or clothing.
 
Most systems of taxation not only use a combination of several of these, but have many exceptions (and loopholes) from universal application - for instance, a sales tax might not apply to food or clothing.

Navigation menu