Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

excise

Read a random definition: apprentice

A quick definition of excise:

Excise is a type of tax that is added to the price of goods that are made or sold in a country. It is not a tax that you pay directly, but it is included in the price you pay for things like gasoline, cigarettes, and alcohol. This tax helps the government raise money to pay for things like roads, schools, and hospitals.

A more thorough explanation:

Definition: Excise is a type of tax that is added to the price of goods produced or sold within a country. It is an indirect tax, meaning that it is not paid directly by the consumer, but is included in the price of the product.

Example: In the United States, excise taxes are added to items such as gasoline, tobacco, and alcohol. For example, when you purchase a gallon of gasoline, a portion of the price you pay goes towards the excise tax on gasoline. This tax is then used to fund various government programs and initiatives.

Explanation: The example of gasoline illustrates how an excise tax works. The tax is added to the price of the product, in this case, gasoline, and is paid by the producer or seller. The consumer indirectly pays the tax through the increased price of the product. The revenue generated from the excise tax is then used to fund government programs and initiatives.

exchange | excise tax

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
LSD+ is ad-free, with DMs, discounts, case briefs & more.