EXCISE TAX

Pronunciation (US):

 Dictionary entry overview: What does excise tax mean? 

• EXCISE TAX (noun)
  The noun EXCISE TAX has 1 sense:

1. a tax that is measured by the amount of business done (not on property or income from real estate)

  Familiarity information: EXCISE TAX used as a noun is very rare.

 Dictionary entry details 

• EXCISE TAX (noun)

Meaning:

A tax that is measured by the amount of business done (not on property or income from real estate)

Classified under:

Nouns denoting possession and transfer of possession

Synonyms:

excise; excise tax

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)