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

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 CBT, often referred to as a "luxury tax," sets thresholds for total payroll.

From Barron's • Jan. 23, 2026

Including their expected luxury tax bill this winter, Dodgers owner Mark Walter—fresh off his purchase of the Los Angeles Lakers—and his partners will pay roughly a half-billion dollars.

From The Wall Street Journal • Nov. 2, 2025

Including their estimated luxury tax bill, the Dodgers’ current squad will ultimately cost more than $500 million.

From The Wall Street Journal • Oct. 22, 2025

In a first-rate place it was, of course, impossible to get any sort of meal for five francs, or ten francs either; especially after the ten per cent luxury tax had been tacked on.

From Eating in Two or Three Languages by Cobb, Irvin S. (Irvin Shrewsbury)