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Luxury tax


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 percentage on all ...

Luxury Tax Definition | Investopedia


Luxury taxes were often imposed during times of war to increase government revenues, or as a way to get more tax revenue from the ultra-wealthy. Even though ...

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 ...

Under the collective bargaining agreement that took effect starting with the 2005-06 season, the luxury tax threshold was set at 61 percent of basketball related income, and the tax charge was one dollar for every dollar of payroll above the threshold. The current tax ... More »
By Charlie Zegers, About.com Guide

Luxury Tax in the United States of America (USA) | Economy Watch


Oct 13, 2010 ... As the very name suggests, Luxury Tax in United States is levied on luxury commodities. The intention for imposing Luxury Tax in United States ...

What is Luxury Tax? Definition from SportingCharts.com


The luxury tax is one of the main components of the soft salary cap which exists in the NBA. In fact, the luxury tax one of the main components that makes the ...

What is luxury tax? definition and meaning - BusinessDictionary.com


Definition of luxury tax: Ad valorem tax or progressive tax charged on high priced goods deemed non-essential, such as cars above a certain value or engine ...

luxury tax – FREE luxury tax information | Encyclopedia.com: Find ...


luxury tax, levy on articles that are not essential to a normal standard of living. Such taxes may be imposed strictly for revenue purposes or they may be intended ...

Luxury-tax | Define Luxury-tax at Dictionary.com


a tax on certain goods or services not considered essential and usually relatively high in price. Origin of luxury tax. Expand. 1900-1905. 1900-05. Dictionary.com ...

Popular Q&A
Q: What is California's luxury tax?
A: no their is no luxury tax in california anymore. Read More »
Source: wiki.answers.com
Q: What is the rate for Luxury Tax?
A: The luxury tax is a tax on luxury goods, which are products considered not essential for living. The luxury is levied at different rates depending on the price ... Read More »
Source: wiki.answers.com
Q: What is luxury tax?
A: A tax on products not considered essential, such as expensive cars. Read More »
Source: www.chacha.com
Q: What is the luxury tax for in baseball?
A: The baseball luxury tax works on a sliding scale according to income and Read More »
Source: www.chacha.com
Q: What is luxury tax ?
A: For more information on luxury tax, visit Britannica.com. Read More »
Source: www.answers.com