An excise tax is the same as a sales tax that consumers pay on the amount they spend in retail stores.

Name: An excise tax is the same as a sales tax that consumers pay on the amount they spend in retail stores.
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An excise tax is a tax on specific goods, such as gasoline or tobacco products, and is typically included in the price of the product. It is not the same as a sales tax, which is applied to the total cost of a purchase.

An Excise Tax Is the Same as a Sales Tax