November 19, 2018
![Excise Taxes as Share of GDP Excise Taxes as Share of GDP](https://www.taxpolicycenter.org/sites/default/files/fiscal-facts/ff_detailed_47.png)
Fact:
Excise taxes are imposed on motor fuels, air travel, tobacco products, alcoholic beverages, and various other goods and services. Over the last 70 years, this source of revenue has declined greatly from 3.0% of GDP in 1947 to 0.4% of GDP in 2017.