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LSDefine

Simple English definitions for legal terms

luxury tax

Read a random definition: nolle prosequi

A quick definition of luxury tax:

A luxury tax is a type of tax that the government charges on expensive items or services. Taxes are charges that the government collects from people, businesses, or things to get money for public needs. Taxes can be paid in different ways, not just with money. A tax can be something that is owed but not yet paid. An accumulated-earnings tax is a penalty tax that a company has to pay if it keeps its earnings instead of giving them to shareholders as dividends. An admission tax is a tax that is included in the price of entering a specific event.

A more thorough explanation:

A luxury tax is a type of tax imposed by the government on luxury goods or services. It is an additional tax on top of the regular taxes that people pay. The purpose of a luxury tax is to generate revenue for the government and to discourage people from buying expensive items.

  • A tax on yachts or private jets
  • A tax on high-end jewelry or watches
  • A tax on luxury cars or sports cars

These examples illustrate how a luxury tax targets expensive items that are not necessary for everyday life. By imposing a luxury tax, the government can generate revenue from those who can afford to pay more for luxury items.

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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