luxury tax
noun[CorU]
TAXukusataxonexpensivegoodsthat are notnecessarybut areboughtforpleasure:
a luxury tax on sthThegovernmentisconsideringimposingaluxurytaxonjewellery.
Examplesofluxury tax
luxury tax
For the 201314 season, theluxurytaxthreshold was set at $71.748 million.
From
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Under the current system, tax is assessed at different levels based on the amount that a team is over theluxurytaxthreshold.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.They spent the most money of any team on player salaries this season, totaling $112.7 million ($91.3 million on player salaries and $21.4 million onluxurytax).
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Substantial changes were made to theluxurytaxregime.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Manufacturing was suspended due to recession and theluxurytax.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.He is one of the few owners in the league that has not gone over theluxurytaxthreshold to secure needed talent.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Tax revenues are normally redistributed evenly among non-tax-paying teams, so there is often a several-million-dollar incentive to owners not to pay theluxurytax.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.For the 200910 season, theluxurytaxlevel was set at $69.92 million.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Theluxurytaxlevel for the 200809 season was $71.15 million.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.The players initially favoredluxurytaxsystem, and a 5% rollback on player salaries later increased to 24%.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
- mini ISA
- mini-isa
- minim
- minima
- minimal
- minimal amount
- minimal attention
- minimal delay
- minimal disruption
- minimal disturbance
- minimal effort
- minimal impact
- minimal input
- minimal interference
- minimal intervention
- minimalism
- minimalist
- minimalist approach
- minimalist design
- microbrew
- microbrewery
- microbusiness
- micro-cap
- micro-cap
- microcephalic