All > Business > Finance > Personal Finance > Income Tax

• A tax paid on expensive goods and services considered by the government to be nonessential.

  Internal Revenue Service - Cite This Source - This Definition
  ×

  Cite Definition for luxury tax

  American Psychological Association (APA)

  luxury tax. (n.d.). Understanding Taxes Student Glossary. Retrieved February 3, 2023, from website: http://www.expertglossary.com/definition/luxury-tax.

  Chicago Manual of Style (CMS)

  luxury tax. apps.irs.gov. Understanding Taxes Student Glossary. Internal Revenue Service. http://www.expertglossary.com/definition/luxury-tax (accessed: February 3, 2023).

  Modern Language Association (MLA)

  "luxury tax." Understanding Taxes Student Glossary. Internal Revenue Service. 3 February. 2023 http://www.expertglossary.com/definition/luxury-tax.

• Browse Related Terms: gasoline excise tax, long-distance telephone tax refund, luxury tax, market economy, property taxes, resources, tax shift, telephone tax refund, user fees, user tax