Inheritance taxes and excise taxes on luxury goods are examples of specific types of taxes.
Inheritance tax, also known as estate tax or death tax, is a tax on the transfer of property or assets from a deceased person to their heirs. It is a form of wealth tax that is levied on the value of an estate above a certain threshold.
Excise taxes on luxury goods, on the other hand, are taxes on specific goods that are considered non-essential or luxury items, such as high-end cars, yachts, private jets, jewelry, and expensive clothing. These taxes are often levied as a percentage of the sale price of the item.
Both of these types of taxes can be considered forms of "progressive taxation," which means that they are designed to be more burdensome on individuals with higher levels of wealth or consumption. In contrast, "regressive taxes" are designed to be more burdensome on individuals with lower levels of income or wealth.
Progressive
excise taxes
Examples for convenience goods :- toys for children, medicines, books, music CDs, holiday package, branded products like VIP Bags.
Goods that have an increase in quantity demanded in response to an increase in price are called Giffen goods. Evidence of the existence of Giffen goods is extremely limited and there are no known examples of Giffen goods.
semi public goods are usually referred as 'quasi-public goods' and these are public good that are not 'pure'. These goods are, unlike 'pure' public goods, non-rivalrous and excludable. Examples include public museums, cinemas, or satellite Television
office goods, deodorant, beer, bathroom supplies. cigarettes, etc.
Progressive
It is a progressive tax. Because the tax gets higher as you pay high price for the luxury goods.
excise taxes
luxury
Some examples of luxury goods are make up, sports car, expensive watches,jewelery,mobile phones,ipad, ipod,nitendo,fridge ,freezer, designer clothes/bags/accessories etc.
Are like Expensive Jewlery, Clothing, Cars, Vactions, & Smart Phone
You should excise on the goods made, sold, or used within a country.
ARE1 form is related from Excise. When Goods is exported. This is Approval from Excise.
The central excise duty refers to an indirect tax which is levied on goods manufactured in India. These are the goods which are meant for consumption at home.
A tax on perfumeA tax on perfume is an example of an excise tax. Excise taxes are indirect taxes on certain types of goods.
it is a permission granted by the concerned central excise asst. commissioner to remove goods without paying excise duty
idk.try someplace different!!!