An excise tax is a tax that targets a specific product or activity. It’s not a general, obligatory tax that affects a large portion of the population, such as a tax on income. It zeros in on something that perhaps only a portion of the population spends money on.
Original Article Source Credits: The Balance , https://www.thebalance.com/
Article Written By: BEVERLY BIRD
Original Article Posted on: June 28, 2021
Link to Original Article: https://www.thebalance.com/what-is-an-excise-tax-5190695