Tax Policy Center

Fiscal Facts

June 24, 2024
Federal excise taxes raised $9.5 billion in FY 2023. Inflation-adjusted revenues have declined over time, largely because rising price levels have eroded the constant per-unit excise tax rates on alcohol.
Fact: 
Federal excise taxes raised $9.5 billion in FY 2023. Inflation-adjusted revenues have declined over time, largely because rising price levels have eroded the constant per-unit excise tax rates on alcohol.
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