EXCISE TAX Definition

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EXCISE TAX is a tax imposed by federal, state, and local governments on an act, occupation, privilege, manufacture, sale, or consumption that is not deductible (e.g., tobacco, gasoline and spirits). This term is in increasing usage to describe almost every tax other than income tax and property tax.

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NEW PENCE is a currency of United Kingdom (military issues).

CEO is an acronym for Chief Executive Officer. The CEO is the principle individual responsible for the activities of a company.

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