Dictionary

luxury tax en · NOUN

Meanings

1. 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.
   • Another form of consumption tax that some foresee is a “sin tax”, which would come in the form of higher excise taxes on alcohol and tobacco. 1988 Dec. 19, Jan M. Rosen, "Tax Watch: The Likely Forms Of New Taxes," New York Times (retrieved 29 Sep 2012)
   • The sin tax is an established tactic. In the early 1500s, Pope Leo X underwrote his lavish lifestyle in part by taxing licensed prostitutes. 2009 April 2, Alex Altman, “A Brief History Of: Sin Taxes”, in Time:
   • He has suggested raising “sin taxes” on cigarettes, liquor and arcade games to pay for the 24-percent teacher pay raise he supports. 1963 May 1, Kathryn Baker, “White Facing Realities: Time, Cash”, in Victoria Advocate, Texas, USA, retrieved 29 Sep 2012, page 16A:

Forms

Coordinates

VAT · GST · sumptuary tax · income tax · carbon tax · property tax · goods and services tax · sin tax · sales tax · value added tax

Hypernyms

tax · excise tax · levy

Relateds

decadence · profligacy · vice