excise tax

Goods production levy

An excise tax is a tax levied on specific goods or activities rather than on income or general sales.

Governments impose excise taxes on items like alcohol, tobacco, gasoline, and gambling—often to discourage consumption or fund related programs.

Unlike sales tax, excise taxes are typically included in the listed price rather than added at checkout.

Related

liquor · federal · gasoline · surcharge · duty · highway toll · toll · import · assessment · revenue · distillery · prohibition · cigarettes · smuggling · vice · commodity · spirits · IRS

Categories
Opposites
tax base type

excise taxincome tax

Government charge on earnings

personal income tax · wage tax · payroll tax · wealth tax · property tax

specificity of application

excise taxvalue-added tax

Incremental consumption levy

VAT · flat tax · retail sales tax

government action type

excise taxsubsidy

Financial assistance from government

tax credit · tax rebate · tax exemption · tax holiday · bounty

Family

tax, taxing, taxed, excise, taxes, overtaxed, overtax, taxable, untaxed

Familiarity
Top 200,000
Profile
Used worldwide · Timeless · Abstract · Rated G