luxury taxes

Wealth purchase surcharges

Luxury taxes are taxes imposed on expensive goods or services considered non-essential—yachts, private jets, jewelry, high-end automobiles.

The rationale is that those who can afford luxuries can afford to pay extra, making these taxes a form of progressive taxation.

The luxury tax on cars over $50,000 added significantly to the sticker price.

Related

duty · levy · sin tax · surcharge · consumption tax · progressive tax · estate tax · carbon tax · inheritance tax · import duty · customs · assessment · special assessment · capital gains tax · tourism tax · toll · environmental fee · congestion charge

Categories
Opposites
tax target (goods type)

luxury taxesfuel taxes

Duties on petroleum products

sin taxes · excise taxes · value-added tax · consumption taxes

fiscal policy intent

luxury taxespoll taxes

Per-person voting levies

flat taxes · head taxes · payroll taxes · sales taxes · property taxes

economic treatment of luxury goods

luxury taxesduty-free allowances

Permitted untaxed purchases abroad

tax breaks · tax incentives

Family

luxury, taxes, luxuries, luxurious, luxuriously, luxuriate, luxuriant, taxation, taxed

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