TeachMeFinance.com - explain Excise Tax
excise tax -- A tax levied on the purchase of a specific type of
good or service, such as tobacco products or telephone services.
Excise Tax -- Taxes on the manufacture, sale, or consumption of goods, or upon licenses to pursue certain occupations, or upon corporate privileges. In current usage it covers various license fees imposed by government and practically every internal revenue tax from any source except the income tax.
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