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http://archives.cpajournal.com/old/11583345.htm
The controversy arises from ambiguities in the determination of tax liabilities for the automobile, boat, aircraft, jewelry, and fur industries. The excise tax is intended to reduce the federal deficit by enforcing a 10% surcharge on high-priced products but unjustly levies the tax on only the five industries mentioned.
https://www.law.cornell.edu/uscode/text/26/subtitle-D/chapter-31
A prior section 4001, acts Aug. 16, 1954, ch. 736, 68A Stat. 473; Sept. 2, 1958, Pub. L. 85–859, title I, § 101, 72 Stat. 1275; Sept. 21, 1959, Pub. L. 86–344, § 1(a), 73 Stat. 617, imposed an excise tax equivalent to 10 percent of selling price upon jewelry, stones, watches, clocks, case and movements for watches and clocks, flatware and hollow ware, opera glasses, lorgnettes, marine glasses, field …
https://www.investopedia.com/terms/l/luxury_tax.asp
Jul 19, 2020 · A so-called "yacht tax" was enacted in the U.S. 1991 in order to pay down the federal deficit. It covered a number of luxury goods including private jets, furs, and jewelry, as well as yachts.
https://www.sapling.com/5540703/avoid-items-like-diamonds-jewelry
Mar 14, 2018 · Diamonds and high-end jewelry can carry steep price tags, and the addition of sales tax can increase the final cost by thousands of dollars. Currently, 45 states charge a sales tax so it's fairly hard to avoid. The good news is, by law, you don't have to pay sales tax when you shop in a place that doesn't charge sales taxes. If going out of state is too much trouble, you can take the shortcut ...
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