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In this video, the concept of excise taxes is discussed as a specific tax imposed on goods and services such as fuel, alcohol, cigarettes, air travel, and phone service. Unlike a general sales tax, excise taxes are focused on specific items. The tax can vary and be quite high, for example, a federal excise tax of $1.00 per pack of cigarettes. It is important to note that excise taxes can be imposed at the federal level.
