excise tax

Frequency: 8.116.0 per million words

A tax on certain goods such as alcohol, tobacco, and gasoline.

exciseEXCISE + NOUN

Categories:

tax

Examples (10)

  • The government decided to impose a new excise tax on luxury cars.
  • Rising excise taxes on cigarettes have helped reduce smoking rates.
  • The excise tax on gasoline was increased by 10 cents per gallon.
  • Many states collect significant revenue from excise taxes on alcohol.
  • The proposed excise tax on sugary drinks faced strong opposition.
  • Federal excise taxes are typically included in the price of fuel.
  • Small breweries often qualify for reduced excise tax rates.
  • The excise tax on tobacco products generates billions in revenue annually.
  • Environmental groups support higher excise taxes on carbon-intensive goods.
  • Import duties and excise taxes together make up a substantial portion of government income.