Quote:
Originally Posted by Dgodin
When I was ststioned in Germany in the 1980s, the VAT(value added) tax applied to purchases was14%. Imagine a 14% tax on an auto purchase. I was glad we were exempt.
I don't think its a good idea.
|
The current text of the current Act on this thread imposes a *minimum* 23% sales tax. Imagine a 23% sales tax on auto purchases. There would ALSO be an extra fee - because when you buy a car and pay tax, that tax is collected by the state. The state now has to fund the cost of sending that 23% to the federal government. That requires an office staff to do all the paperwork involved.
That 23% sales tax for the Fed, will turn into a 30+% overall increased cost for your car.