A specific tax, on the other hand, is a set dollar amount charged to a certain good. The federal excise tax on a pack of cigarettes for example is $1.01.

November 25, 2024 - State and federal excise taxes are a critical element of the business environment for major "vice" industries in the United States, such as tobacco. While no federal excise tax ...

The excise tax debate has flagged many problems but not yet gotten to the core issue. Its opponents are certainly correct in pointing out that it will reduce charitable giving.