Name Three Examples of New Excise Taxes That Have Been

question 2

Essay

Name three examples of new excise taxes that have been levied by state or local governments in the United States.

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Definitions:

Wealth

The accumulation of significant monetary assets or tangible properties that are easily transferrable into a usable form for trade or transactions.

Contribute

To give or supply in common with others; providing a portion towards a common end, such as in a project or a pool of resources.

Benefit

An advantage or profit gained from something.

Long-Run Equilibrium

A state in which all aspects of the market, including supply and demand, are balanced over a sustained period.