The spelling of the word "excises" can be confusing due to the presence of a letter "c" followed by the letters "is", which can appear to form a sound in a way that is not commonly used in English. However, the correct pronunciation of "excises" is /ɪkˈsaɪzɪz/, with the stress on the second syllable. The word refers to taxes or duties placed on certain goods or activities, and can be spelled correctly by remembering the placement of the vowels and the the "s" at the end.
Excises, in its plural form, refers to taxes or duties imposed on certain goods, services, or activities by a government. It is a financial levy levied on specific commodities by the state or federal authorities, typically for revenue generation or as a means of regulating consumption patterns. Excises are often seen as indirect taxes, as they are usually included in the cost of the product or service and passed on to the consumer.
These taxes are typically imposed on goods or activities that are considered to have either detrimental effects on society, such as alcohol, tobacco, and gasoline, or that are considered luxuries and not essential for basic needs. Excises can also be applied to specific services, such as those related to communication or transportation.
The collection of excises can serve various purposes, such as generating revenue for the government, discouraging the consumption of certain goods or services, or funding specific programs or projects. By imposing excises, governments can influence consumer behavior, deter excessive consumption, or target specific industries for regulation or control.
Excises are typically imposed at a fixed rate or as a percentage of the value of the goods or services being taxed. The implementation and collection of excises may vary from country to country and are often subject to periodic review and adjustment based on economic factors, social considerations, or fiscal policy objectives.
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
The word "excises" is derived from the Middle English term "excise (n.)" which originated from the Anglo-French word "exciser" meaning "to cut off, to take away". The Anglo-French term itself was borrowed from Old French "ex(c)ciser" which meant "to cut out, to incise". In turn, Old French borrowed the word from Late Latin "excīsare" meaning "to cut out", formed from the Latin prefix "ex-" meaning "out" and the verb "caedere" meaning "to cut". The term "excise" first appeared in English in the 15th century as a noun referring to a tax or duty imposed on certain goods.