Question

Each year more than $3 million is collected from federal excise taxes on alcohol.

a. True

b. False

Answer 1

true but we collect more than that a year

Answer 2

The answer is true. The Federal government collected approximately $23 billion in annual excise tax revenues in 2014. With audits, examinations, and revenue investigations, they collected more tax revenue through penalties, and interest of more than $300 million from businesses not paying their fair share.