Skip to main content

Tax Policy and Administration: Luxury Excise Tax Issues and Estimated Effects

GGD-92-9 Published: Feb 26, 1992. Publicly Released: Apr 01, 1992.
Jump To:
Skip to Highlights


Pursuant to a congressional request, GAO provided information on the effect of the luxury excise tax on the luxury boat, car, aircraft, jewelry, and fur markets, focusing on the: (1) anticipated tax revenue; (2) Internal Revenue Service's (IRS) actual collections; and (3) costs and issues associated with administering the tax.

Full Report

Office of Public Affairs


Aircraft industryAutomobile industryBoat industryCommodity salesExcise taxesFederal legislationSales taxesTax administrationTaxpayersJewelry