| Library / English Dictionary |
EXCISE TAX
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
A tax that is measured by the amount of business done (not on property or income from real estate)
Synonyms:
excise; excise tax
Classified under:
Nouns denoting possession and transfer of possession
Hypernyms ("excise tax" is a kind of...):
indirect tax (a tax levied on goods or services rather than on persons or organizations)
Hyponyms (each of the following is a kind of "excise tax"):
nuisance tax; sales tax (a tax based on the cost of the item purchased and collected directly from the buyer)
ad valorem tax; value-added tax; VAT (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)
