Concept information
Preferred term
luxury taxes
Definition
- A luxury tax is an excise levy on goods or services considered to be luxuries rather than necessities. If luxuries are consumed conspicuously with the intention to gain social status by distinction, one can call them status goods. [Source: Encyclopedia of Consumer Culture; Luxury Taxes]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/luxury_taxes
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