excise (Meaning)
excise (n)
a tax that is measured by the amount of business done (not on property or income from real estate)
excise (v)
remove by erasing or crossing out or as if by drawing a line
levy an excise tax on
remove by cutting
excise (n.)
In inland duty or impost operating as an indirect tax on the consumer, levied upon certain specified articles, as, tobacco, ale, spirits, etc., grown or manufactured in the country. It is also levied to pursue certain trades and deal in certain commodities. Certain direct taxes (as, in England, those on carriages, servants, plate, armorial bearings, etc.), are included in the excise. Often used adjectively; as, excise duties; excise law; excise system.
That department or bureau of the public service charged with the collection of the excise taxes.
excise (v. t.)
To lay or impose an excise upon.
To impose upon; to overcharge.
To cut out or off; to separate and remove; as, to excise a tumor.
Synonyms & Antonyms of excise
excise Sentence Examples
- The government implemented an excise tax on tobacco products to discourage smoking.
- The excise tax on gasoline varied significantly across different states within the country.
- The politician criticized the government's excise policy, arguing it disproportionately burdened low-income individuals.
- During the budget negotiations, lawmakers considered increasing excise taxes on luxury goods to boost revenue.
- Some governments use excise taxes as a means to regulate the consumption of harmful substances like alcohol and tobacco.
- The company claimed that the excise duty levied on their products made them uncompetitive in the international market.
- The excise officer conducted an inspection of the factory to ensure compliance with tax regulations.
- The excise tax on alcohol and tobacco generated substantial revenue for the government, which was used to fund public programs.
- The petition against the proposed excise hike gained widespread support from the public, leading to a reconsideration by the authorities.
- Economists debated the effectiveness of excise taxes as a policy tool for addressing externalities and regulating consumer behavior.
FAQs About the word excise
a tax that is measured by the amount of business done (not on property or income from real estate), remove by erasing or crossing out or as if by drawing a line
tax,tariff, sales tax, withholding tax, capitation, single tax, property tax, tribute, value-added tax, toll
release, lessen,remit, abate, release, lessen, diminish, remit, diminish, abate
The government implemented an excise tax on tobacco products to discourage smoking.
The excise tax on gasoline varied significantly across different states within the country.
The politician criticized the government's excise policy, arguing it disproportionately burdened low-income individuals.
During the budget negotiations, lawmakers considered increasing excise taxes on luxury goods to boost revenue.
