Not exact matches
Ukip leader Nigel Farage has shot down proposals for the party to levy a «
luxury goods
tax»
on items such as designer shoes and handbags.
A whopping 40 states charge a sales
tax on tampons and pads right now because they're considered «
luxury items.»
According to an article today by BigPondNews.com, as more and more bookstores struggle to stay in business and compete for consumer's dollars, a
tax like this one will have a strong negative impact
on luxury items such as book purchases.
Whether it's birthday money from an indulgent grandparent, a
tax refund, or a bonus at work, it's tempting to spend that extra dough
on luxury items.
Since discretionary spending — spending
on things like a nice dinner out, a movie, or a
luxury item like a new television — dips when people have less money, the additional
taxes paid by Americans could presumable hurt business» ability to both hire new employees and be successful in the first place.