Excise Tax 101: Definition, Examples, State vs. Federal - IGEN
Excise taxes are indirect taxes levied on specific goods, services, and activities rather than on broad income or general sales. 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 Tax 101: Definition, Examples, State vs
: Gasoline, diesel, kerosene, airline tickets, and heavy trucks. Excise Tax 101: Definition
: Alcohol (beer, wine, spirits) and tobacco products (cigarettes, vaping).