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an excise is typically a per unit tax, costing a specific amount for a volume or unit of the item purchased, whereas a sales tax or value-added tax is an ad valorem tax and proportional to the price of the goods, an excise typically applies to a narrow range of products, and
Excise taxes for the Affordable Care Act (ACA) raised $16.3 billion in fiscal year 2015. $11.3 billion was an excise tax placed directly on health insurers based on their market share. The ACA was going to impose a 40% " Cadillac tax " on expensive Employer-sponsored health insurance , but that was postponed until 2018, and later further ...
The earliest mention of the punishment appears in orders that Richard I of England issued to his navy on starting for the Holy Land in 1189. "Concerning the lawes and ordinances appointed by King Richard for his navie the forme thereof was this ... item, a thiefe or felon that hath stolen, being lawfully convicted, shal have his head shorne, and boyling pitch poured upon his head, and feathers ...
An excise duty is an indirect tax imposed upon goods during the process of their manufacture, production or distribution, and is usually proportionate to their quantity or value. Excise duties were first introduced into England in the year 1643, as part of a scheme of revenue and taxation devised by parliamentarian John Pym and approved by the ...
The crane, used to remove parts of the Francis Scott Key Bridge after its collapse last March, will be employed to cut and lift pieces of the airplane. This will allow divers to safely recover ...
A sin tax (also known as a sumptuary tax, or vice tax) is an excise tax specifically levied on certain goods deemed harmful to society and individuals, such as alcohol, tobacco, drugs, candy, soft drinks, fast foods, coffee, sugar, gambling, and pornography. [1]
The United States exempts certain organizations from Federal income taxes, [3] but not from various excise or most employment taxes. [ 4 ] Charitable and religious organizations
Effort underway to remove signs of agency USAID logos and photos showing the humanitarian work the agency does around the globe were removed from its offices last week, multiple sources familiar ...