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LSDefine

Simple English definitions for legal terms

excise

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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.

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JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
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