excise tax

Noun

A tax paid when purchases are made on a specific good, such as gasoline. Excise taxes are often included in the price of the product.

ریشه

Derived from the term 'excise', with 'tax' coming from Old French 'taxe', from Latin 'taxare' 'to assess'.

مثال

• The excise tax on gasoline is included in the price per gallon.
• The government increased the excise tax on tobacco products.
• The excise tax on alcohol is a significant source of revenue.

ترکیب‌های رایج

Pay excise tax Increase excise tax Excise tax rate Excise tax revenue Excise tax evasion