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Ellen
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what is a excise tax

Resolved Question:

what is a excise tax?
Submitted: 5 years ago.
Category: General
Expert:  Ellen replied 5 years ago.

internetanswers :

Excise taxes are taxes paid when purchases are made on a specific good, such as gasoline. Excise taxes are often included in the price of the product.

internetanswers :

http://www.irs.gov/businesses/small/article/0,,id=99517,00.html

Customer:

is their such a thing as an excise tax if a person withdraws money from an ira?

internetanswers :

No there is not. You can read a list of all excise taxes at this link: http://www.irs.gov/businesses/small/article/0,,id=99517,00.html

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