Excise Taxes
From Open Risk Manual
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Definition
Excise Taxes. Taxes that are levied by the US Federal Government on the manufacture, sale, or consumption of specific items, usually on a per-unit basis rather than a percentage basis.
For example, cigarettes are taxed by the pack or carton, alcoholic beverages are taxed by the bottle, and gasoline is taxed by the gallon. Excise taxes are a type of commodity tax.[1]
References
- ↑ Concepts and Methods of the US Input-Output Accounts. K.J.Horowitz, M.A.Planting, 2009
