excise tax

Cultural  

1. A tax, similar to a sales tax, imposed on some goods, especially luxuries and cars.

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Example Sentences

For starters, when an airline raises its base fares, it must pay more in a specific federal tax known as an excise tax.

From MarketWatch • Apr. 10, 2026

According to ISS, another eyebrow-raising element was that the vast majority of Zaslav’s estimated compensation — over 94% — was being derived by the automatic acceleration of stock vesting and the excise tax gross-up payment.

From Los Angeles Times • Apr. 9, 2026

Drivers like him were already facing a slew of issues - including excise tax and a suspended fare hike - but the recent soaring prices now mean some of his colleagues make nothing.

From BBC • Mar. 24, 2026

That’s what the court did in 2023 by ruling that a 7% tax on capital-gains income was an excise tax, not a tax on property or income.

From The Wall Street Journal • Mar. 11, 2026

The catalyst for the change was the Whiskey Rebellion, a popular insurgency in four counties of western Pennsylvania protesting an excise tax on whiskey.

From "Founding Brothers: The Revolutionary Generation" by Joseph J. Ellis