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excise tax

DEFINITIONS OF: excise tax

1

n a tax that is measured by the amount of business done (not on property or income from real estate)

Synonyms:
excise
Types:
nuisance tax, sales tax
a tax based on the cost of the item purchased and collected directly from the buyer
VAT, ad valorem tax, value-added tax
a tax levied on the difference between a commodity's price before taxes and its cost of production
gasoline tax
a tax on every gallon of gasoline sold
Type of:
indirect tax
a tax levied on goods or services rather than on persons or organizations
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