how is an excise tax different from a sales tax? an excise tax is not deductible. an excise tax applies to…
how is an excise tax different from a sales tax? an excise tax is not deductible. an excise tax applies to specific products. an excise tax applies only to imported goods. an excise tax is an indirect tax.
Answer
Brief Explanations:
An excise tax is levied on specific goods like gasoline, tobacco, and alcohol, while sales tax is a broader - based tax on general consumption. It's not true that excise tax is not deductible, nor that it applies only to imported goods. And both excise and sales taxes are indirect taxes. The key difference here is that an excise tax applies to specific products.
Answer:
An excise tax applies to specific products.