Tax - Excise

Excise taxes are applied at federal, state, and local levels to a wide variety of items:

: Unlike general sales tax, excise tax applies only to specific categories like fuel, tobacco, or luxury goods. excise tax

: They are used to raise revenue for specific public projects (e.g., highway funds from fuel tax) or to discourage behaviors deemed socially harmful (often called "sin taxes"). Common Taxed Items Excise taxes are applied at federal, state, and

: Gasoline, diesel, kerosene, airline tickets, and heavy trucks. Excise taxes are applied at federal

Excise taxes are indirect taxes levied on specific goods, services, and activities rather than on broad income or general sales.