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Luxury tax (sports)


A luxury tax in professional sports is a surcharge put on the aggregate payroll of a team to the extent to which it exceeds a predetermined guideline level set by ...

Luxury Tax Definition | Investopedia


A luxury tax is 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 ...

Luxury Tax | FanGraphs Sabermetrics Library


Technically called the “Competitive Balance Tax”, the Luxury Tax is the punishment that large market teams get for spending too much money. While MLB does ...

Cleveland Cavaliers owe $54 million in luxury taxes - ESPN.com


Jul 3, 2016 ... The reigning NBA champion Cleveland Cavaliers owe a league-high $54 million in luxury taxes for spending above the salary-cap threshold ...

Dancing With The Luxury Tax | Miami Heat - NBA.com


Feb 23, 2016 ... Dancing With The Luxury Tax. Pat Riley and Andy Elisburg Discuss Miami's Recent Moves. Garrett Ellwood. by Couper Moorhead. HEAT.com.

Breaking Down Over $400 Million In MLB Luxury Tax Penalties ...


Dec 3, 2015 ... The Dodgers lead the way in 2015 with a massive $43.7 million Luxury Tax bill. But here's what the MLB Luxury Tax looks like for 2003 to 2015.

Dodgers' tax bill comes due at record $43.7 million - USA Today


Dec 1, 2015 ... The Los Angeles Dodgers will pay a record $43.7 million luxury tax penalty after finishing the 2015 season with the largest payroll in baseball ...

The Effect of Luxury Taxes on Competitive Balance, Club Profits ...


luxury tax increases aggregate salary payments in the league as well as ... Keywords: Sports League, Luxury Tax, Social Welfare, Competitive Balance.

Cleveland Cavaliers face $54M NBA luxury tax - Bankrate.com


Jul 7, 2016 ... The NBA and MLB impose luxury taxes on teams that exceed spending caps. The new NBA champion Cleveland Cavaliers are facing a $54 ...

Budget 2016: 1% luxury tax to impact consumption more - The ...


Feb 29, 2016 ... Luxury sector experts have given a thumbs down to the government's budget proposal of imposing a 1% tax at source on luxury goods ...

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What Is the Luxury Tax? - Definition - NBA - About.com


The luxury tax is a charge paid by NBA teams with payrolls that exceed the league's salary cap by a certain, pre-set level.

Dodgers lead MLB with record $43.6 million paid in luxury tax


Dec 18, 2015 ... NEW YORK -- The Los Angeles Dodgers were hit Friday with a record luxury tax of nearly $43.6 million for a payroll that fell just shy of $300 ...

Explaining the Luxury Tax in Major League Baseball - SportingCharts


Dec 15, 2014 ... Major League Baseball uses the Competitive Balance Tax, which is commonly called the Luxury tax, as a method to discourage teams from ...