excise tax A tax that is added to an item’s cost when it is purchased and applies to a single type of good. Related Related Articles: The Impact of High Marijuana TaxesThe Reason the Price of Gasoline Has That 9/10Economic Thoughts About Presidential RelaxationThe Economic Significance of Alcohol ConsumptionThe Lid on the Pot Industry Ann Mills Share This Previous Articleeconomic growth Next Articlehorizontal integration December 17, 2020