Definitions for "luxury tax"
A tax on products not considered essential, such as expensive cars.
Luxury tax is a form of excise tax collected on the sale of certain high-priced consumer goods such as luxury automobiles, yachts, and other items. See Publication 510 for reporting instructions and information on taxable items.
A kind of tax paid on luxurious and pricey products and services, which are not deemed by the government to be essentials.
a significant penalty, because somebody hired someone," he said