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excise taxes

(Encyclopedia)excise taxes, governmental levies on specific goods produced and consumed inside a country. They differ from tariffs, which usually apply only to foreign-made goods, and from sales taxes, which typica...

corporation tax

(Encyclopedia)corporation tax, imposts levied by federal, state, or local governments against corporations, their income, or their peculiar attributes, such as charters, capitalization, dividends, and franchises. I...

stamp tax

(Encyclopedia)stamp tax, method of collecting duties on certain transactions by means of a validating stamp attached to the taxable instrument, which may be a judicial act, a commercial document, a transfer of prop...

farming, in taxation

(Encyclopedia)farming, in the history of taxation, collection of taxes through private contractors. Usually, the tax farmer paid a lump sum to the public treasury; the difference between that sum and the sum actual...

Whiskey Ring

(Encyclopedia)Whiskey Ring, in U.S. history, a group of distillers and public officials who defrauded the federal government of liquor taxes. Soon after the Civil War these taxes were raised very high, in some case...

luxury tax

(Encyclopedia)luxury tax, levy on articles that are not essential to a normal standard of living. Such taxes may be imposed strictly for revenue purposes or they may be intended to discourage consumption of certain...

inheritance tax

(Encyclopedia)inheritance tax, assessment made on the portion of an estate received by an individual; it differs from an estate tax, which is a tax levied on an entire estate before it is distributed to individuals...

taxation

(Encyclopedia)taxation, system used by governments to obtain money from people and organizations. The revenue collected is used by the government to support itself and to provide public services. Aside from being r...

income tax

(Encyclopedia)income tax, assessment levied upon individual or corporate incomes. Although personal incomes were occasionally taxed in medieval Italian cities, the income tax is essentially a modern form of taxatio...
 

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