Excise Taxes

What are Excise Taxes?

Excise taxes are taxes on specific goods or services that are typically included in the price of the product or service. Governments claim that they usually impose these taxes to raise revenue, discourage certain behaviors or activities, or to fund specific projects or programs. Excise taxes can be levied at the federal, state, or local level and are typically assessed as a percentage of the purchase price or as a fixed amount per unit.

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