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The federal tax system imposes a number of excise taxes on goods and services such as gasoline, alcohol, tobacco, air travel, and health care. In fiscal year 2014, the federal government raised $93.4 billion or 0.5 percent of GDP from excise taxes, accounting for about 3 percent of total federal revenue. This report provides a brief summary of federal excise taxes and presents the methodology the Tax Policy Center uses to estimate the incidence of excise taxes in our distributional tables.

Read on...http://www.taxpolicycenter.org/sites/default/files/alfresco/publication-pdfs/2000365-the-distributional-burden-of-federal-excise-taxes.pdf

Yes as 2023 draws to a close it's time once again for one link of the most time-honored traditions around here. Each year since 2013 we've asked Hodinkee team members to tell us about the single watch that saw the most wrist-time link over the course of the previous year. We call it "The Watch I Wore Most" and more than anything it's an annual celebration of all things watches link and the memories and milestones they represent.