Excise tax

Excise tax A tax on the sale or use of specific products or transactions. INTERNAL REVENUE CODE: Income, Estate, Gift, Employment and Excise Taxes, (Summer 2008 Edition) (Two Volume Set) ...

EXCISE TAX - A tax levied upon the manufacture, sale or consumption of commodities, upon the license to pursue certain occupations, or upon corporate privileges within a taxing jurisdiction.

Excise tax Federal or state tax placed on the sale or manufacture of a commodity, typically a luxury item e.g., alcohol. Exclusionary self-tender A firm's offer to buy a given amount of its own stock while excluding targeted stockholders.

sin tax An excise tax levied on products considered vices (i.e. tobacco and alcohol). Singapore Dollar The currency of Singapore. Learn more about Singapore and the Singapore Dollar at GoCurrency.

Contributions to a custodial account invested in mutual funds are subject to a special 6% excise tax on the amount by which they exceed the maximum amount excludable from income.

Net Sales Gross sales less any applicable excise taxes, returns, allowances and discounts or rebates given to customers.

It's not uncommon for plans to require full repayment of a loan within 60 days of termination of employment. If you don't repay, the loan is considered defaulted, and you are taxed on the outstanding balance, including excise taxes in many cases.

It is the timeliest indicator of broad consumer spending patterns and is adjusted for normal seasonal variation, holidays, and trading-day differences. Retail sales include durable and nondurable merchandise sold, and services and excise taxes ...

is generally treated like a certain degree of ownership of a property, in that it is considered a fixed asset and can be used as such in attaining credit or a loan. The owner of a leasehold can also be expected to pay a leasehold excise tax, ...

See also: Interest, Will, Rally, Count, Change