Tax The Rich: The Luxury Tax

"Everyone must pay their fair share in taxes!” is a common demand to increase taxes on the rich and provide tax breaks to the poor, as that is considered “fair”. However, imposing taxes on the rich can be challenging. A solution that is often proposed is a luxury tax, which is a tax on luxury goods like supercars and yachts – items that only the rich can afford.

Article: Tax The Rich: The Luxury Tax
https://ryantvackner.com/blog/tax-the-rich-the-luxury-tax/

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