What is in essence suggested in the post is Luxury Taxes

Reader comment on: Sumner's Wealth Tax

Submitted by Lyle (United States), Mar 12, 2012 21:36

The US had luxury taxes in particular during and after WWII. As I recall some perfumes and fur coats were among the items covered. In substance they are Pigovian taxes with a goal of primarily reducing the demand for something. So they have been tried world wide. In the US the tax on Jewelry was 20% for example. Some states have them for example the price of custom license plates could be regarded as a luxury tax.

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⇒ What is in essence suggested in the post is Luxury Taxes [77 words]LyleMar 12, 2012 21:36
A Better Wealth Tax [509 words]Eugene Patrick DevanyMar 12, 2012 12:16

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