Yachts and luxury boats yes[0] however it was effective on cars until 2002[1] however they still managed to collect $3.94 billion off the luxury tax by 2000[3]

Yachts and luxury boats yes[0] however it was effective on cars until 2002[1] however they still managed to collect $3.94 billion off the luxury tax by 2000[3] One could argue that if they had the stones to keep the tax in place, eventually people relent and start purchasing high ticket items again, and it could have compounded to make a significant difference by now [0]: https://www.baltimoresun.com/news/bs-xpm-1993-10-07-1993280118-story.html https://www.baltimoresun.com/news/bs-xpm-1993-10-07-19932801... [1]: https://archive.is/pTR5E https://archive.is/pTR5E [3]: https://www.everycrsreport.com/files/20020307_RS20314_f70eb82cf9b47bfb780bd7a057e8c6fe96d48eae.pdf https://www.everycrsreport.com/files/20020307_RS20314_f70eb8...