Question of the Day

Excise taxes are similar to sales taxes, except that they are imposed on specific goods and services, often to discourage or penalize certain activities. Which households pay the highest portion of their income in federal excise taxes?

Correct Answer

Tell Me More

The lowest-earning 20% of households pay 1.5% of their income in federal excise taxes, as compared to 0.8% for the middle class and 0.4% for the highest-earning 20%.

DocumentationExcise TaxesDistribution of the Tax Burden




Reload Question
Reload Question
Share via Facebook
Share via Twitter
Share via Email
Embed into your website
About the Fact App
Articles by Topic