Excise taxes

Taxes, also known as tariffs or customs are according to the assigned text a sum of money collected by a government from its citizens, businesses, and corporations for the funding of said government and its projects and programs( Farlex,2013). It is no exaggeration to say that taxation is vital to governments the world over, considered by many to be the very lifeblood of Government. We will turn our attention to how this overlooked but vital system functions in the country many consider the…

additional tax on selected SSBs the excise tax was put to law four months after elections (Dugdale, 2015). The target of the tax was mainly distributors of SSBs to stores and restaurants, distributors of sweeteners to restaurants; and distributors of sweeteners to stores where they are used to make SSBs for customers (Ordinance. Imposing a general tax on the distribution of sugar-sweetened beverage products). Cawley and Frisvold, 2015 conducted a study on the incidence of taxes on SSBs in…

products are highly taxed. Steve Mason/Photodisc/Getty Images Excise tax, also known as duty or sumptuary tax, is an indirect tax that is charged at federal and state levels on the sale of particular items. It is an indirect form of taxation, since the government does not apply the tax directly on the consumer, but instead charges manufacturers, producers and merchants, who pass the tax on to consumers through higher prices. These taxes are often levied on items such as tobacco and alcohol to…

Tafimul Tasif Professor July 17,2016 GOVT 2305 Signs of Federalism in the U.S. Constitution In the constitution of the United States of America, federalism isn’t directly mentioned even once, however, this doesn't mean it is implied throughout the whole document. The term federalism "is the distribution of power in an organization between a central authority and the constituent units." This applies to a government by showing the power what the national government has, the state…

British American Tobacco is the 2nd biggest transnational tobacco manufacturing company based in the UK. BAT has a large market presence in countries such as Brazil, Canada and former British colonies in Asia such as Pakistan and Australia. It also holds a 42% interest in Reynolds American (NYSE:RAI), thereby having an important amount of indirect exposure to the U.S. market. According to Business Premiere, (BAT) has established a strong market position over the years with the use of Global…

history is the Whiskey Rebellion. This event took place in Western Pennsylvania and started in 1791. Alexander Hamilton, who was George Washington’s Secretary of the Treasury, had an idea to impose or to put taxes on all whiskey products produced and sold in the U.S.A. Congress in 1791 established excise tax. This way, the U.S can pay of the enormous debt they are facing because of the Revolutionary War that occurred prior to this event. With nearly 54 million dollars in debt in the USA!…

Cigarettes are one of the most purchased goods. It is also one of the most heavily taxes products that is sold in the United States. The tax will vary by state but the revenues that come from the cigarette tax is enormous. The revenue that each state brings in will also vary in the way that it is spent. The cigarette tax in every state also applies to other products other than cigarettes and cigars. Chewing tobacco (any kind of tobacco that is suitable for chewing and not smoking), snuff or…

system, the Central government levies excise duty on manufacturing and service tax on the supply of services. The State government levies sales tax or value added tax (VAT) on the sale of goods. In addition, the Central Government levies the Central Sales Tax (CST) on inter-state sale of goods which is collected and retained by the state exporting the goods. The states also levy tax on the entry of goods within their areas. Such multifaceted net of indirect taxes leads to a complex tax structure…

The Federalists and the Anti Federalists have different viewpoints on the clauses presented. The federalist paper number 33 presents the argument that the Federal government is granted authority to make all laws that are necessary and proper for the United States. These laws are to be the supreme law of the land. The Antifederalists disagreed with this idea because they believed it would give too much power to the Federal Government leaving the people and the state governments vulnerable. The…

the Constitution basically specifies the power that congress can have in detail. It also states that the power of law making and tax imposing must be uniform through the whole United State. Congress shall have “the power to collect taxes, duties, imposts and excises, to pay the debts and provide for the common defense and general welfare of the United States,” (Cooter, R., & Siegel, N. pp 121). Chief Justice Marshall stated in court in 1790 that “the power to tax involves the power to destroy,”…