Excise taxes refer to the special fees or taxes imposed by governments on certain goods or activities. These taxes are typically added to specific items like alcohol, tobacco, petrol, or luxury products. The purpose of
excise taxes is usually to discourage the consumption of these items or to generate revenue for the government.
Full definition
Synonyms for individual words can be found below.
«excise»
«taxes»
Sentences with «excise taxes»
- Forced the IRS to concede that imposition of federal excise taxes on diesel fuel sold for export is unconstitutional. (grayreed.com)
- The GOP plan would change that by imposing a 20 percent federal excise tax on goods purchased from Puerto Rico. (wshu.org)
- you will also pay federal excise tax of 7.5 % and $ 30 processing fee. (takeoffwithmiles.com)
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sentences)