State Politics and the American Federal System
An excise tax is a specific type of tax imposed on the production, sale, or consumption of particular goods or services, often included in the price of the product. These taxes are usually levied on items like tobacco, alcohol, gasoline, and other goods deemed non-essential or harmful, with the intention of reducing consumption while generating revenue for the state. Excise taxes play a crucial role in state revenue sources and tax policies by providing funding for various public services and projects.
congrats on reading the definition of Excise Tax. now let's actually learn it.