Excise taxes
are special taxes on specific goods or
activities—such as gasoline, tobacco or
gambling—rather than general tax bases
such as income or consumption.
Publication 510 (2010),
Excise
Taxes Excise
taxes are often included in the
final price of products and services,
and are often hidden to consumers.
Overall excise taxes account for less
than 10 percent of all federal receipts.
All 50 states and many
local municipalities levy excise taxes
of various kinds. Studies show excise
taxes are disproportionately borne by
low-income taxpayers, making them one of
the most regressive components of the
U.S. tax system.
State Excise Taxed Products and Rates
Registration for certain activities. You
are required to be registered for
certain excise tax activities, such as
blending of gasoline, diesel fuel, or
kerosene outside the bulk
transfer/terminal system. See the
instructions for Form 637 for the list
of activities for which you must
register. Also see
Registration Requirements
under
Fuel
Taxes in chapter 1 for
information on registration for
activities related to fuel. Each
business unit that has, or is required
to have, a separate employer
identification number must be
registered. To apply for registration,
complete Form 637 and provide the
information requested in its
instructions. If your application is
approved, you will receive a
Letter of
Registration showing the
activities for which you are registered,
the effective date of the registration,
and your registration number. A copy of
Form 637 is not a
Letter of
Registration.
TaxReturnRefunds.com US tax help, AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, H, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, New NH, New NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
All Rights Reserved
