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- Q1755408 subject Q8758955.
- Q1755408 abstract "A luxury tax is a tax on luxury goods: products not considered essential. A luxury tax may be modeled after a sales tax or VAT, charged as a percentage on all items of particular classes, except that it mainly affects the wealthy because the wealthy are the most likely to buy luxuries such as expensive cars, jewelry, etc. It may also be applied only to purchases over a certain amount; for instance, some U.S. states charge luxury tax on real estate transactions over a limit.A luxury good may be a Veblen good, which is a type of good for which demand increases as price increases. Therefore the effect of a luxury tax may be to increase demand for certain luxury goods. In general, however, since a luxury good has a high income elasticity of demand by definition, both the income effect and substitution effect will decrease demand sharply as the tax rises.".
- Q1755408 wikiPageExternalLink 1E1-luxuryta.html.
- Q1755408 wikiPageWikiLink Q1074135.
- Q1755408 wikiPageWikiLink Q11055488.
- Q1755408 wikiPageWikiLink Q128635.
- Q1755408 wikiPageWikiLink Q1497178.
- Q1755408 wikiPageWikiLink Q15281541.
- Q1755408 wikiPageWikiLink Q156612.
- Q1755408 wikiPageWikiLink Q1566674.
- Q1755408 wikiPageWikiLink Q17243.
- Q1755408 wikiPageWikiLink Q23505.
- Q1755408 wikiPageWikiLink Q359044.
- Q1755408 wikiPageWikiLink Q372251.
- Q1755408 wikiPageWikiLink Q6706456.
- Q1755408 wikiPageWikiLink Q684740.
- Q1755408 wikiPageWikiLink Q7233202.
- Q1755408 wikiPageWikiLink Q734113.
- Q1755408 wikiPageWikiLink Q751944.
- Q1755408 wikiPageWikiLink Q8161.
- Q1755408 wikiPageWikiLink Q8758955.
- Q1755408 wikiPageWikiLink Q949715.
- Q1755408 comment "A luxury tax is a tax on luxury goods: products not considered essential. A luxury tax may be modeled after a sales tax or VAT, charged as a percentage on all items of particular classes, except that it mainly affects the wealthy because the wealthy are the most likely to buy luxuries such as expensive cars, jewelry, etc. It may also be applied only to purchases over a certain amount; for instance, some U.S.".
- Q1755408 label "Luxury tax".