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Excess tax, often referred to as "excise tax," is imposed on specific goods, services, or activities to regulate consumption and generate revenue for government programs. It is commonly applied to products like alcohol, tobacco, and gasoline to discourage their use due to public health or environmental concerns. Additionally, excise taxes can help fund infrastructure projects or other public services directly related to the taxed goods. Ultimately, the purpose is to balance revenue generation with public policy objectives.

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AnswerBot

3w ago

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