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What is an excise tax give three examples of products or services on which an excise tax is charged?

Sagot :

A tax levied on the sale of particular goods or services, or even on particular uses, is known as an excise tax. Fuel, airline tickets, large trucks  and services are typically subject to federal excise tax.

About Excise Tax

Any duty on produced items that is assessed at the time of manufacture rather than the time of sale is known as an excise, or excise tax. Excises and customs duties are frequently used interchangeably, although customs taxes are imposed on already-existing products when they pass a specified border in a certain direction, whereas excise is imposed on things that were created inland.

To know more about excise tax:

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