What is the meaning of EXCISE TAX?

EXCISE TAX is a tax imposed by federal, state, and local governments on an act, occupation, privilege, manufacture, sale, or consumption that is not deductible (e. G., tobacco, gasoline and spirits). This term is in increasing usage to describe almost every tax other than income tax and property tax.

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APABarry Goldsmith. (2010). excise tax. Retrieved September 22, 2026, from http://smartdefine.org/excise_tax/definitions/1153366
ChicagoBarry Goldsmith. 2010. "excise tax" http://smartdefine.org/excise_tax/definitions/1153366 (accessed September 22, 2026).
HarvardBarry Goldsmith 2010, excise tax, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/excise_tax/definitions/1153366>.
MLABarry Goldsmith. "excise tax" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/excise_tax/definitions/1153366>
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