A tax levied on a particular commodity or activity is known as an excise tax. Excise taxes are frequently imposed on goods and services such as cigarettes, alcohol, soda, fuel, insurance premiums, gambling, and amusements. They usually account for a tiny and unstable share of state, local, and, to a lesser degree, federal tax revenues. Excise taxes are levied on the production, resale, or use of goods as well as on permits to engage in specific professions. To account for externalities, excise taxes can be used as sin taxes or Pigouvian taxes. In the language of economics, an externality is an outcome or side effect of an action that is not included in the activity's cost. Excise taxes, for example, can be used to lower the use of cigarettes and beverages with added sugar, to minimize pollution, or to ease traffic congestion.

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