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

Gasoline prices rose further in April, which economists expect will spur inflation even higher this month, before the government’s temporary suspension of a federal fuel excise tax kicks in this week.

From The Wall Street Journal • Apr. 20, 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

“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 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