luxury tax
Any tax on the sale of items not considered to be essential to a reasonable standard…Any tax on the sale of items not considered to be essential to a reasonable standard of living, for the purpose of increasing revenue, discouraging the use of certain articles, or both.
» This luxury product is taxed according to the applicable regulation.
mailohilohi · Tatoeba · CC BY 2.0 FRMeaning
1 sensesAny tax on the sale of items not considered to be essential to a reasonable standard of living, for the purpose of increasing revenue, discouraging the use of certain articles, or both.
Examples
1 sentencesThis luxury product is taxed according to the applicable regulation.
Forms
plural: luxury taxes| Singular | luxury tax |
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| Plural | luxury taxes |
regular
Word family
3 related wordsSee also
neighbours in the dictionaryDictionary text adapted from Wiktionary (Wiktionary contributors, CC BY-SA 4.0) and Open English WordNet / Princeton WordNet (CC BY 4.0, WordNet License); shared under CC BY-SA 4.0. Example sentences and recordings are credited where they appear.