Tag Archives: the luxury tax myth

The Luxury Tax Myth

Bill Yeargin Correct Craft CEO

By Bill Yeargin Luxury taxes, on items such as boats that politicians see as a “luxury,” are traps that don’t impact the rich but have a huge negative impact on people who can least afford it. They are the quintessential example of unintended consequences; history has demonstrated this unequivocally.  Politicians, many of whom I believe are well-intentioned, see luxury taxes ...

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