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alcohol cigarettes and items like that are taxed with and excise tax

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15y ago

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Related Questions

What type of tax is levied on luxury items?

excise tax


A tax put on luxury items made inside this country?

excise tax


What type of tax is excise tax?

its a specific tax on specific items, such as alcoholic beverages, like wiskey.


A tax imposed on so-called luxury items which is paid in addition to a sales tax is called a?

excise tax


A tax on perfume is an example of what?

A tax on perfumeA tax on perfume is an example of an excise tax. Excise taxes are indirect taxes on certain types of goods.


What is a tax on production or sale of good called?

excise tax


What is a federal tax stamp?

Certain items that are subject to a federal excise tax (like hard liquor) are supposed to have a stamp placed on them to show that the tax was paid. This is a federal tax stamp.


A tax on perfume is an example of?

an excise tax.


Is excise tax the same as sales tax?

no


What tax is not calculated as a percentage?

Excise tax


What is one difference between sales tax and excise tax?

Sales tax is a percentage of the sale price of goods and services, applied at the point of sale, while excise tax is a specific tax imposed on particular goods, such as alcohol, tobacco, or gasoline, often included in the price. Sales tax applies broadly to various transactions, whereas excise tax targets specific items and is typically calculated per unit sold rather than as a percentage of the sale price.


How would you use excise in a sentence?

you can use excise in a sentence like if you excise that irrelevant remark you will improve your essay or the excise imposed on such potentially dangerous products as tobacco and alcohol have skyrocketed.Congress levied an excise tax on tobacco products.The surgeons will try to excise the tumor.