TV broadcast stations around Emerald Isle: 1  WCTI-TV (Channel 12; NEW BERN, NC; Owner: EASTERN NORTH CAROLINA BROADCASTING CORPORATION) 2  WUNM-TV (Channel 19; JACKSONVILLE, NC; Owner: UNIVERSITY OF NORTH CAROLINA) 3  WITN-TV (Channel 7; WASHINGTON, NC; Owner: WITN LICENSEE CORP.)
Excise. A tax imposed on the performance of an act, the engaging in an occupation, or the enjoyment of a privilege. A tax on the manufacture, sale, or use of goods or on the carrying on of an occupation or activity, or a tax on the transfer of property.
The most important taxes on consumption are sales and excise taxes. Sales taxes usually get paid on such things as cars, clothing and movie tickets. Sales taxes are an important source of revenue for most states and some large cities and counties. The tax rate varies from state to state, and the list of taxable goods or services also varies from one state to the next. Excise taxes, sometimes called luxury taxes, are used by both state and Federal Governments. Examples of items subject to Federal excise taxes are heavy tires, fishing equipment, airplane tickets, gasoline, beer and liquor, firearms, and cigarettes. The objective of excise taxation is to place the burden of paying the tax on the consumer. A good example of this use of excise taxes is the gasoline excise tax. Governments use the revenue from this tax to build and maintain highways, bridges, and mass transit systems.