Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Samantha (Sam) Silberstein, CFP®, CSLP®, EA, is an experienced financial consultant. She has ...

Have you ever wondered why gas, cigarettes or alcohol cost so much? The answer often comes down to an excise tax — a special tax that’s built right into the price of certain goods. So, what is excise ...

Excise taxes are a tax charged on specific goods or services produced and sold domestically. As a small business owner, it is important to understand how an existing or potential excise tax will ...

Section 4960 imposes a 21% excise charge on the portion of remuneration above $1m paid by ATEOs to their “covered employees”.