Question

What is a federal and/or state tax on specific goods like gasoline, tires, airfare, or cigarettes?

Answer 1

excise tax, which is a federal and/or state tax on specific goods such as gasoline, tires, airfare, and cigarettes.

Answer 2

An excise tax is a federal and/or state tax on specific goods like gasoline, tires, airfare, or cigarettes. Excise taxes are most always included in the price of the product.