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Luxury tax (sports)

en.wikipedia.org/wiki/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

www.investopedia.com/terms/l/luxury_tax.asp

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

www.fangraphs.com/library/business/luxury-tax/

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

espn.go.com/nba/story/_/id/16719485/cleveland-cavaliers-owe-54-million-luxury-taxes

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

www.nba.com/heat/newsrecap/dancing-tax/

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 ...

www.forbes.com/sites/maurybrown/2015/12/03/breaking-down-over-400-million-in-mlb-luxury-tax-penalties-since-2003/

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

www.usatoday.com/story/sports/mlb/2015/12/01/los-angeles-dodgers-luxury-tax-record-payroll-new-york-yankees/76612114/

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 ...

web.holycross.edu/RePEc/spe/DietlLangWerner_LuxuryTaxes.pdf

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

www.bankrate.com/financing/taxes/cleveland-cavaliers-face-54m-nba-luxury-tax/

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 ...

economictimes.indiatimes.com/news/economy/policy/budget-2016-1-luxury-tax-to-impact-consumption-more/articleshow/51193891.cms

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

basketball.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

espn.go.com

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

www.sportingcharts.com

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 ...