Excise tax: What it is and how it works
Excise taxes apply only to certain products and can be charged either as a percentage of a sale or on a per-unit basis.
About the author
Lance Davis is the former Vice President of Content for Bankrate, where he oversaw content for home lending, deposits, investing, consumer lending, insurance, credit cards and small business. Lance led a team of more than 70 editors, reporters and publishers who were dedicated to creating content that helped readers make smarter financial decisions.
Lance started at Bankrate as a copy editor in 2013, where he learned the finer points of personal finance while reading almost every article before it was published. In this role, Lance saw how small moves today can have a big impact on your financial future. He developed a passion for sharing these lessons to help others budget their money, buy a house, save for retirement and more.
When he’s not reading Bankrate articles or playing around on the retirement calculator, Lance enjoys spending time with his wife, Sarah, and French bulldog, Honey. He dreams of being able to retire early and buy a home on a beach.
Lance earned his bachelor’s degree in journalism from Auburn University in 2013.Lance Davis' recommended readings:
How to start (and build) an emergency fund
How to save for retirement
How to start investing in 2023
Small moves today can have a big impact on your financial future.
— Lance Davis
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