luxury tax

American  

noun

1. a tax on certain goods or services not considered essential and usually relatively high in price.

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Etymology

Origin of luxury tax

First recorded in 1900–05

Example Sentences

See Examples For:

luxury tax

The Los Angeles Dodgers, for instance, have a luxury tax payroll of around $420 million as they look to win their third consecutive World Series.

From The Wall Street Journal ● Jun. 1, 2026

In the Premier League that will be 85%, though it is possible to spend as much as 115% in the first year and pay what is in effect a luxury tax.

From BBC ● Mar. 23, 2026

The ban is expected to cost George about $11.7 million of his season salary and save the 76ers about $5 million in luxury tax payments under the league's salary cap system.

From Barron's ● Jan. 31, 2026

It’s a small luxury tax for getting to do it.

From Los Angeles Times ● Jan. 22, 2026

The only other source of additional revenue in immediate contemplation appears to be the luxury tax.

From Rebuilding Britain A Survey of Problems of Reconstruction After the World War by Hopkinson, Alfred, Sir