Luxury-tax definitions

A tax assessed on expensive, non-essential goods that primarily affects wealthy people. A luxury tax in the United States on automobiles expired in January 2003. It was repealed in the Taxpayer Relief Act of 1997 and had been decreasing by one percentage point each year since then.
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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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