Why do countries add a tax onto “luxury vehicles”? Just seems like another way to sting the customer another unnecessary tax?
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Because it’s a luxury item. Luxury items are typically bought by people with excess money. If you have excess money the government isn’t doing their job right. TAXED!
Because it’s a luxury item. Luxury items are typically bought by people with excess money. If you have excess money the government isn’t doing their job right. TAXED!
The downside are impacts to domestic industry.
President Bush enacted a luxury tax in the early 90s, and it ended up costing the US economy more in job and economic losses in the aircraft and shipbuilding industries than it took in in revenue.
Clinton repealed it a few years later
The downside are impacts to domestic industry.
President Bush enacted a luxury tax in the early 90s, and it ended up costing the US economy more in job and economic losses in the aircraft and shipbuilding industries than it took in in revenue.
Clinton repealed it a few years later
Are you for or against higher taxes for wealthy people?
This is just one way of imposing such a tax on wealthier people.
Are you for or against higher taxes for wealthy people?
This is just one way of imposing such a tax on wealthier people.
Look at luxury tax’s as a means for more people to pay less Tax by having those that can afford it pay more the average person in theory had to pay less.
This goes for luxury goods, cars, houses… If taken to the extreme this could fund the entire government allowing the average to pay 0 tax’s if they buy 0 luxury goods.
Look at luxury tax’s as a means for more people to pay less Tax by having those that can afford it pay more the average person in theory had to pay less.
This goes for luxury goods, cars, houses… If taken to the extreme this could fund the entire government allowing the average to pay 0 tax’s if they buy 0 luxury goods.
Because luxury cars are purchased by people who can afford to pay extra tax without causing any hardship or suffering. Especially compared to tax on necessities like food and housing.
Because luxury cars are purchased by people who can afford to pay extra tax without causing any hardship or suffering. Especially compared to tax on necessities like food and housing.
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