How Do You Spell EXCISES?

1. Excises, in its plural form, refers to taxes or duties imposed on certain goods, services, or activities by a government. It is a financial levy levied on specific commodities by the state or federal authorities, typically for revenue generation or as a means of regulating consumption patterns. Excises are often seen as indirect taxes, as they are usually included in the cost of the product or service and passed on to the consumer.

   These taxes are typically imposed on goods or activities that are considered to have either detrimental effects on society, such as alcohol, tobacco, and gasoline, or that are considered luxuries and not essential for basic needs. Excises can also be applied to specific services, such as those related to communication or transportation.

   The collection of excises can serve various purposes, such as generating revenue for the government, discouraging the consumption of certain goods or services, or funding specific programs or projects. By imposing excises, governments can influence consumer behavior, deter excessive consumption, or target specific industries for regulation or control.

   Excises are typically imposed at a fixed rate or as a percentage of the value of the goods or services being taxed. The implementation and collection of excises may vary from country to country and are often subject to periodic review and adjustment based on economic factors, social considerations, or fiscal policy objectives.

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The word "excises" is derived from the Middle English term "excise (n.)" which originated from the Anglo-French word "exciser" meaning "to cut off, to take away". The Anglo-French term itself was borrowed from Old French "ex(c)ciser" which meant "to cut out, to incise". In turn, Old French borrowed the word from Late Latin "excīsare" meaning "to cut out", formed from the Latin prefix "ex-" meaning "out" and the verb "caedere" meaning "to cut". The term "excise" first appeared in English in the 15th century as a noun referring to a tax or duty imposed on certain goods.

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Conjugate verb Excises

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