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单词 excise tax
释义

excise tax


Thesaurus
Noun1.excise tax - a tax that is measured by the amount of business done (not on property or income from real estate)excise tax - a tax that is measured by the amount of business done (not on property or income from real estate)exciseindirect tax - a tax levied on goods or services rather than on persons or organizationsnuisance tax, sales tax - a tax based on the cost of the item purchased and collected directly from the buyerad valorem tax, value-added tax, VAT - a tax levied on the difference between a commodity's price before taxes and its cost of productiongasoline tax - a tax on every gallon of gasoline sold
Translations
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EncyclopediaSeeexcise

excise tax


excise tax

(ek′sīz″) [Dutch excijs, fr L. accisa, tax] A graduated tax charged by a city, state, or national government on the use of a commodity or service. The greater the use, the higher the tax. Excise taxes are used to discourage the purchase of hazardous but legal substances, such as cigarettes or alcohol. The added cost to these products makes them less appealing to those with limited incomes and deters their consumption by adolescents. Excise taxes have also been used to pay for the costs of health care that societies incur because of the use of hazardous agents.

excise tax


Excise tax

Federal or state tax placed on the sale or manufacture of a commodity, typically a luxury item e.g., alcohol.

Excise Tax

A tax on the manufacture or sale of a good or service over and above all other taxes paid on it. For example, a person may owe sales tax on the purchase of tobacco, but the state may also levy an excise tax on top of it. Likewise, one may owe both income taxes and excise taxes on a premature distribution of an IRA. See also: Sin tax.

excise tax

A tax on the manufacture, purchase, or sale of a good or service. The tax may be based on the number of units or on value. Compare consumption tax.

excise tax


  • noun

Synonyms for excise tax

noun a tax that is measured by the amount of business done (not on property or income from real estate)

Synonyms

  • excise

Related Words

  • indirect tax
  • nuisance tax
  • sales tax
  • ad valorem tax
  • value-added tax
  • VAT
  • gasoline tax
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更新时间:2024/12/24 8:50:20