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Definition of Luxury tax
1. Noun. Any tax on the sale of items not considered to be essential to a reasonable standard of living; either to increase revenue, or to discourage the use of certain articles. ¹
¹ Source: wiktionary.com
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1. Noun. Any tax on the sale of items not considered to be essential to a reasonable standard of living; either to increase revenue, or to discourage the use of certain articles. ¹
¹ Source: wiktionary.com