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

A well-designed excise tax could achieve a greater reduction in consumption at a fraction of that markup, generating revenue instead of violence.

From The Wall Street Journal • Feb. 25, 2026

If you contributed in a previous year, you’ll typically face a 6% excise tax for each year the money remained in your account.

From Los Angeles Times • Dec. 21, 2025

“Failure to take an RMD could result in a substantial excise tax of 25% of the amount of the missed distribution, but that can be reduced to 10% if corrected within two years,” Carbone says.

From MarketWatch • Nov. 26, 2025

The university faces a projected $200 million annual cost from an 8% excise tax on its net investment income.

From Barron's • Oct. 16, 2025

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