25 Pages Posted: 30 Jan 2008
The political story of the enactment and subsequent repeal of federal luxury taxes on high-end automobiles, boats, airplanes, furs and jewelry. Such luxury taxes are inappropriate. The same goals are better achieved by levying higher taxes on higher incomes across the board.
Keywords: taxation, luxury, excise
JEL Classification: H22, H24
Suggested Citation: Suggested Citation
Newman, Joel S., Ex-Lux. Tax Notes, Vol. 55, No. 2, 1992. Available at SSRN: https://ssrn.com/abstract=1088144