For instance, a state could put a 10% excise tax on tanning salons or charge a flat $5 excise tax on every tanning service. Authorized sports betting has an excise tax of 0.25% of the amount ...

The pro-capital gains tax argument calls it an excise tax for good reason: Excise taxes are broadly legal at varying rates, such as the 10.25% sales tax rate in Seattle.

Opinion An ‘excise tax’ on income is detrimental to WA’s future Jan. 19, 2023 at 2:47 pm Updated Jan. 19, 2023 at 4:44 pm By ...

On August 12, 2022, the US congress voted to pass the Inflation Reduction Act of 2022 (also known as HR5376 or the “Act”). Included within the act was a new 1% excise tax on stock repurchases ...

In 2022, lawmakers introduced a new excise tax on stock repurchases. This one percent tax applies to net share repurchases of large corporations and was projected to raise $73.6 billion over a decade.

The 1% excise tax on certain stock buy-back transactions (the Excise Tax) that was enacted as part of the Inflation Reduction Act of 2022 (IRA) went into effect on January 1, 2023. You can find ...

The tax rates imposed by these states vary considerably. For instance, Massachusetts imposes SET on the sale of marijuana or marijuana products to consumers at a rate of 10.75% of the total sales ...

One such question, which Congress referred to the Treasury Department, is whether redemptions of preferred stock are subject to the law’s new 1 percent excise tax on corporate stock buybacks.

The antiquated federal excise tax on heavy-duty vehicles, created by Congress to fund America’s participation in World War I, adds an additional 12% to the cost of every new truck,” Spear said ...

A new report from the Tax Foundation shows that FY 2019 excise revenues for the top-earning legal states included some impressive figures, like Washington State's $390 million.