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

For a team that will spend almost half a billion dollars on its player payroll and luxury tax this season, its most important trade deadline pickup could be a catcher making maybe $1 million.

From Los Angeles Times ● Jul. 18, 2026

Yet, in St. Louis, Mozeliak built winners without the Cardinals owners ever paying a luxury tax.

From Los Angeles Times ● Jul. 6, 2026

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

There was a wintry quality in the night itself that made a comfortable chair and an open fire distinctly worth the payment of a luxury tax.

From On Secret Service Detective-Mystery Stories Based on Real Cases Solved By Government Agents by Taft, William Nelson