excise tax
(ex-cise-tax)
3 syllables
Definition
noun. a type of tax imposed on specific goods or services, typically levied at the point of manufacture or sale.
Example Sentence
The government increased the excise tax on tobacco products to discourage smoking.
More Example Sentences
An excise tax can also apply to gasoline, making it more expensive for consumers.
Synonyms
indirect tax; consumption tax; sales tax
Antonyms
income tax; property tax; estate tax
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excise tax
