excise tax meaning

UK US /ɛkˈsaɪs tæks/ 3 syllables

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

Definition of excise tax

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

    Synonyms: excise

    Type of: indirect tax

    Kinds: sales tax, VAT, gasoline tax

How to pronounce excise tax

excise tax is pronounced /ɛkˈsaɪs tæks/ in American English. It has 3 syllables.

More about excise tax on Wikipedia.