What is another word for excise tax?

Pronunciation: [ɛksˈa͡ɪz tˈaks] (IPA)

An 'excise tax' is also referred to as a consumption tax, a sin tax, or a selective tax. A consumption tax is a tax on goods and services consumed, while a sin tax is a type of excise tax on products that are considered harmful such as cigarettes or alcohol. A selective tax is imposed on a specific group of commodities and services, such as gas, luxury goods, or telecommunications services. Additionally, a specific tax may also be used as a synonym for excise tax, as it is a tax that is levied on a specific commodity or service. Regardless of the term used, the purpose of an excise tax is to generate revenue for governments while discouraging the usage or purchase of specific products.

Synonyms for Excise tax:

What are the hypernyms for Excise tax?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

Famous quotes with Excise tax

  • Back then, the excise tax was designed to be a luxury tax for people who owned telephones.
    Mike Fitzpatrick

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