EXCISE TAX

Pronunciation (US): (GB):

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)