excise tax

Definition

A Federal or state tax imposed on the manufacture and distribution of certain non-essential consumer goods. Examples of excise taxes include environmental taxes, communications taxes, and fuel taxes.

Use excise tax in a sentence

You should try to make sure that you include any excise tax when you are figuring out your budget for the purchase.

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Gas prices were adding to the couple's cost of living expenses, but they didn't know that part of the increase in price was due to the excise tax on gasoline.

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Smoking cigarettes has become so unpopular in the United States that in addition to the social stigma associated with smokers, many states have opted to impose very high excise taxes to help fund anti-smoking campaigns.

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direct tax 1040 Form Schedule L