Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,895,519,930 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Excise Tax

   Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia 0.01 sec.
Excise tax
Federal or state tax placed on the sale or manufacture of a commodity, typically a luxury item e.g., alcohol.

Excise Tax
A tax on the manufacture or sale of a good or service over and above all other taxes paid on it. For example, a person may owe sales tax on the purchase of tobacco, but the state may also levy an excise tax on top of it. Likewise, one may owe both income taxes and excise taxes on a premature distribution of an IRA. See also: Sin tax.

excise tax
A tax on the manufacture, purchase, or sale of a good or service. The tax may be based on the number of units or on value. Compare consumption tax.


Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
Byline: Clive McFarlane COLUMN: CLIVE MCFARLANE If you are the first family of a city reeling heavily from brutal economic blows, of a city whose residents are being beaten down by high taxes and fees, would you, even if it's purely symbolic, throw your excise tax dollars into the dwindling city treasury, or would you throw it into the treasury of a town in which you have a part-time residence.
TALLINN -- The Confederation of Employers urged the Estonian government to carry out more extensive analyses on the impact an increase in the excise tax rates would have on the state budget and on the adoption of the euro, reports news agency LETA.
Examining data after the state's 1983 and 2002 alcohol tax increases, researchers found that "increases in alcohol excise tax rates were associated with immediate and sustained reductions in alcohol-related disease mortality in Alaska.
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.