An excise tax is a tax on ________; a value-added tax is a tax on __________.

Name: An excise tax is a tax on ________; a value-added tax is a tax on __________.
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An excise tax is a tax levied on specific goods or services at the time of purchase (consumption), while a value-added tax (VAT) is a tax on the amount by which the value of an article has been increased at each stage of its production or distribution, also essentially targeting consumption.

An Excise Tax Is a Tax on ________; a Value-Added