Does the US have a luxury tax?

Yes. The Inflation Reduction Act (2022) reinstated luxury taxes: 10% on planes/boats over $1 million and cars over $175,000 (net 1% effective rate due to threshold structure).

How does India tax luxury goods?

India applies 28% GST plus a compensation cess on luxury items: new cars attract 15–22% cess; SUVs attract 22% cess; large sedans 20% cess. Total tax on some luxury vehicles exceeds 50%.

Luxury Goods Tax Calculator

Calculate luxury taxes on high-value goods. Covers US yacht/aircraft luxury tax (2022 Inflation Reduction Act), India's 28% GST+cess on luxury cars/watches, French luxury property tax, and global luxury tax comparison.

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$ Finance Disclaimer: These calculators are for educational and illustrative purposes only. Results do not constitute financial advice. Consult a licensed financial advisor before making investment or borrowing decisions.

How to Use

Enter the values for the scenario you are assessing. Calculate luxury taxes on high-value goods. Covers US yacht/aircraft luxury tax (2022 Inflation Reduction Act), India's 28% GST+cess on luxury cars/watches, French luxury property tax, and global luxury tax comparison. Use the luxury tax calculator result to inform your calculation.

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Frequently Asked Questions

Does the US have a luxury tax?

How does India tax luxury goods?