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Re:US SEC sues Coinbase, one day after suing Binance by revbed on Wednesday June 07, 2023 @09:10AM (#36226344)
No, that's exactly wrong https://en.wikipedia.org/wiki/Excise.

"An excise, or excise tax, is any duty on manufactured goods that is normally levied at the moment of manufacture for internal consumption rather than at sale."

I'm very familiar with how the excise tax on alcohol works, it's definitely a tax on creation not consumption.

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