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    3. How much revenue is generated thruogh excise and luxury taxes for the federal gov
    How much revenue is generated thruogh excise and luxury taxes for the federal gov

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    0  Views: 453 Answers: 1 Posted: 13 years ago
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      The federal tax system imposes a number of excise taxes on goods and services such as gasoline, alcohol, tobacco, air travel, and health care. In fiscal year 2014, the federal government raised $93.4 billion or 0.5 percent of GDP from excise taxes, accounting for about 3 percent of total federal revenue. This report provides a brief summary of federal excise taxes and presents the methodology the Tax Policy Center uses to estimate the incidence of excise taxes in our distributional tables.


      Read on...http://www.taxpolicycenter.org/sites/default/files/alfresco/publication-pdfs/2000365-the-distributional-burden-of-federal-excise-taxes.pdf

      8 years ago. Rating: 2
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