The luxury tax is a mechanism that helps control team spending. While it is commonly referred to as a "luxury tax," the CBA simply calls it a "tax" or a "team payment." It is paid by high spending teams -- teams whose payroll exceeds a predetermined tax level. These teams pay one dollar for each dollar their payroll (with a few exceptions, see below) exceeds the tax level The tax level is determined prior to the season, and is computed by taking 61% of projected BRI, subtracting projected benefits ($112 million in 2005-06), and adjusting for whether the previous season's BRI was above or below projections. They then divide by the number of teams (except expansion teams in their first two seasons) to arrive at the tax level. Source: www.cbafaq.com
no their is no luxury tax in California anymore.
The luxury tax is a tax on luxury goods, which are products considered not essential for living. The luxury is levied at different rates depending on the price of the product.
Luxury tax adds 15% to your total cost. For instance, a $600 pair of jeans would be taxed an additional $30 for luxury tax.
sale package 10000 so what amount we will calculate in luxury tax & what is the reason
The luxury tax threshold for 2008 is $155 million. For 2009 it is $162 million.
The Luxury Tax in Monopoly is $75. It is found between Park Place and Boardwalk.The U.S. edition of Monopoly raised it's Luxury tax to $100. Monopoly is not the only place you can find a Luxury tax. Many high end hotels charge them.
No.
excise tax
4
there is none
excise tax
It is a progressive tax. Because the tax gets higher as you pay high price for the luxury goods.