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

No country has fully tested what the Becker-Murphy-Grossman model actually prescribes—legalization with an excise tax.

From The Wall Street Journal

The legal market is built vertically: licenses, excise taxes, inspections and checkpoints.

From The Wall Street Journal

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

Pantheon Macro estimates the U.S. has collected $34 billion this month in customs and excise tax—on track to $400 billion over a year in tariff revenue.

From Barron's

This is underscored by weaker-than-expected customs and excise taxes collected by the U.S.

From The Wall Street Journal