Exorcising Excise Taxes: Bringing Transparency to Hidden Taxes

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Exorcising Excise Taxes: Bringing Transparency to Hidden Taxes

Published: Thursday, June 6th, 2013 @ 8:27 am
By: John Locke Foundation ( More Entries )

    This post, by Sarah Curry, originally appeared in the John Locke Foundation's online edition.

    • The largest excise tax collection in North Carolina is on fuel, amounting to $1.5 billion annually.

    • North Carolina excise taxes generated $2.4 billion in revenue in FY2011, amounting to 13 percent of total tax revenue collected.

    • Historically, all excise tax increases in North Carolina have been coupled with a recessions or budget shortfalls.

    • Excises are typically used to manipulate choices freely made by taxpayers.

    Download PDF file: Exorcising Excise Taxes: Bringing Transparency to Hidden Taxes (548.1KB)

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