- luxury tax
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Any tax on the sale of items not considered to be essential to a reasonable standard of living; either to increase revenue, or to discourage the use of certain articles.
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luxury tax
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luxury tax — ➔ tax1 * * * luxury tax UK US noun [C or U] TAX ► a tax on expensive goods that are not necessary but are bought for pleasure: a luxury tax on sth »The government is considering imposing a luxury tax on jewellery … Financial and business terms
luxury tax — lux·u·ry tax n: an excise levied on the purchase of items that are not essential for support or maintenance Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
Luxury tax — For the special case of the term luxury tax applied to the salaries of athletes, see Luxury tax (sports) A luxury tax is a tax on luxury goods products not considered essential. A luxury tax may be modeled after a sales tax or VAT, charged as a… … Wikipedia
Luxury Tax — A tax placed on products or services that are deemed to be unnecessary or non essential. This type of tax is an indirect tax in that the tax increases the price of the good or service and is only incurred by those who purchase or use the product … Investment dictionary
luxury tax — a tax on certain goods or services not considered essential and usually relatively high in price. [1900 05] * * * luxury tax, a tax put on the sale, manufacture, purchase, or use of luxury goods and services … Useful english dictionary
luxury tax — tax imposed on non essential goods and services … English contemporary dictionary
Luxury tax (sports) — A luxury tax in the sports sense is a surcharge put on the aggregate payroll of a team to the extent to which it exceeds a predetermined guideline level set by the league. The ostensible purpose of this tax is to prevent teams in major markets… … Wikipedia
luxury tax — a tax on certain goods or services not considered essential and usually relatively high in price. [1900 05] * * * Excise levy on goods or services considered to be luxuries rather than necessities (e.g., jewelry and perfume). Luxury taxes may be… … Universalium
luxury tax — / lʌkʃəri tæks/ noun an extra tax levied on luxury goods … Dictionary of banking and finance
luxury tax — Generic term for excise imposed on purchase of items which are not necessaries; e.g. tax on liquor or cigarettes … Black's law dictionary
