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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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.
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Clinton repealed it a few years later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Clinton repealed it a few years later
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!
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