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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


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 ...

The 'tampon tax,' explained - The Washington Post


Jan 8, 2016 ... Most U.S. women pay a so-called "tampon tax," which refers to a tax on ... but make exemptions for select “necessities” (non-luxury items).

What Is the Luxury Tax? - Definition - About Basketball


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.

Why 'tampon tax' outrage is misplaced - Chicago Tribune


Jan 26, 2016 ... "Necessity" exemptions to consumption taxes only lead to higher tax ... tampons and other menstrual products are taxed as luxury goods in 40 ...

The Tampon Tax Could Finally Be Eliminated in These States - Time


Jan 28, 2016 ... While most states still tax tampons, Utah, California, and Virginia are ... considered “luxury” or otherwise inessential items, and are therefore ...

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 ...

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 ...

What is a luxury tax? | Reference.com


A luxury tax is essentially a tax placed on any goods or services the United States government as well as many state governments deem as non-essential.

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.

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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 ...

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 ...

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 ...