Excise Taxes
Definition
Excise taxes are taxes imposed on specific goods or services, such as alcohol, tobacco, or gasoline. They are typically included in the price of the product and paid by consumers.
Related terms
Sin Taxes: These are excise taxes specifically imposed on goods that are considered harmful or socially undesirable, such as cigarettes or sugary drinks.
Luxury Taxes: These are excise taxes levied on high-end or luxury goods, like expensive cars or jewelry.
Gasoline Tax: This is a type of excise tax applied to fuel purchases and is used to fund transportation infrastructure projects.
"Excise Taxes" appears in:
Subjects (1)
AP Microeconomics
Study guides (1)
AP Macroeconomics - 5.4 Deficits and the National Debt
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About Us
About Fiveable
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Terms of Use
Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Cram Events
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Crisis Text Line
Help Center
© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.