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

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

In exchange, state regulators would be able to increase the excise tax after three years to make the change revenue neutral.

From Los Angeles Times

Congress could increase the excise tax on vaccines, she said, or pass a law limiting what’s on the injury table.

From Salon