excise taxes
Excise taxes are specific taxes imposed on certain goods and services, often included in the price of the product. These taxes are typically levied on items like alcohol, tobacco, and fuel, and are designed to generate revenue for the government while also discouraging the consumption of harmful products.
Unlike sales taxes, which apply to a broad range of goods, excise taxes target specific items. The revenue collected from excise taxes can be used for various public services, such as infrastructure improvements or health programs, making them an important tool for government funding.