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Excise (Noun)

Meaning

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

Classification

Nouns denoting possession and transfer of possession.

Examples

  • The government imposed an excise on tobacco products to discourage smoking and generate revenue.
  • Excises on luxury goods, such as designer handbags and high-end watches, can be steep and costly to consumers.
  • To help reduce traffic congestion, the city introduced an excise on parking spaces in high-demand areas.
  • An excise on petroleum products can fluctuate significantly with changes in global oil prices.
  • Small business owners must navigate complex excise laws when shipping products across state or international borders.

Synonyms

  • Excise Tax

Hyponyms

  • Value-added Tax
  • Nuisance Tax
  • Ad Valorem Tax

Related Words

  • Excise (verb)
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