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In this video, the concept of excise taxes is discussed. An excise tax is a specific tax imposed on certain goods and services, not a broad tax like sales tax. Common items subject to excise tax include fuel, alcohol, cigarettes, air travel, and phone service. While not as broad as sales tax, excise taxes can be quite high, such as $1.00 per pack of cigarettes. These taxes can be imposed at the federal level.
