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 ...

Proposition KK would levy a new 6.5 percent excise tax on gunsellers for all sales of ammunition, firearms and gun parts. The money would fund programs for crime victims and behavioral health support ...

In 2022, lawmakers introduced a new excise tax on stock repurchases. This one percent tax applies to net share repurchases of large corporations and was projected to raise $73.6 billion over a decade.

More than 230 years ago, one of the first acts of the First Congress in 1789 included a relatively mundane, but important, tax policy allowing a refund on excise taxes. Unfortunately, this has become ...

Excise duties are indirect taxes on specific goods such as alcohol, tobacco, energy products and electricity. As indirect taxes, they are incorporated into the price of the product and are therefore ...