Ad valorem or progressive tax placed on products and/or services that are not necessary or essential. An indirect tax, it raises the price of the product or service and only incurred by people who buy or use the luxury item or service.
The term has remained even though many products that are considered as luxury taxes today are no longer deemed as Luxuries. Today, it pertains to sinful products like tobacco, alcohol, yachts, villas, jewelry, and top of the line automobiles. These are executed in an attempt to alter consumption patterns as to collecting tax revenues.
Also called excise taxes or sin taxes.
High Earners, Not Rich Yet - HENRYs
Shield Your Portfolio from Volatility
Best Credit Cards for Holiday Shopping
Sources of Non-Taxable Income
Sidestep an Audit: Watch Out For These Warning Signals
Go Get That Post-Graduate Degree
SEE FOREX TUTORIAL
The Types of Stock
Digesting Financial Statements: Long-Lasting Assets
Student Loans: Consolidating Federal Loans
Getting to Know The Federal Reserve
Students, How Much Can You Afford to Borrow?
|01:01||Rightmove House Prices||Jul|
|04:00||Real GDP||2 quarter|
|04:00||Real GDP (YTD)||2 quarter|
|04:00||Fixed Asset Investment||Jun|
|04:00||NBS Press Conference|