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Biden & Dems Look To Squeeze More Taxes From You, Spy On Your Spending
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<blockquote data-quote="Re-Raise" data-source="post: 5129350" data-attributes="member: 16501"><p>You are the buyer..of the new car. They are making you pay the total sales tax on the new vehicle, even if your trade in reduces the purchase price. If you buy a 60k vehicle and trade in a 40k vehicle.. you pay sales tax on 50k because you are maxed out at a 10k allowance now for sales tax purposes.</p><p></p><p>Before this law, you would only pay sales tax on the20k difference.</p><p></p><p>You might be able to negotiate down the sale price in connection with a reduced trade in value to get around some of it.</p></blockquote><p></p>
[QUOTE="Re-Raise, post: 5129350, member: 16501"] You are the buyer..of the new car. They are making you pay the total sales tax on the new vehicle, even if your trade in reduces the purchase price. If you buy a 60k vehicle and trade in a 40k vehicle.. you pay sales tax on 50k because you are maxed out at a 10k allowance now for sales tax purposes. Before this law, you would only pay sales tax on the20k difference. You might be able to negotiate down the sale price in connection with a reduced trade in value to get around some of it. [/QUOTE]
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Biden & Dems Look To Squeeze More Taxes From You, Spy On Your Spending
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