The plan is to reap in lots of money since an average car will cost > $100k very shortly.
Watch out for your kids.
Watch out for your kids.
No it didn’t and sept 1st is also not officialI thought it started on January 1st this year?
I'm worried if I go out I might get run over.So you are worried about this? It’s nothing compared to what is going to come with Trudy and Jaggy at the helm. Did someone say capital gains tax on you primary residence? Oh it’s coming!
Hope to see you in Kingston. I’m looking forward to this one!I'm worried if I go out I might get run over.
No limit to what may or may not happen.
So I'll go out and enjoy the summer, especially Kingston in June
Doesn't matter which party either.Trudy and his boyfriend Jughead want your money.
we also don't know how a trade in will effect tax calculation, and if they will go by MSRP not including option or total out the door price.The tax is only on the amount over $100k, so $105k would be taxed on the $5k.
but in our case the old tax is not eliminated, we just have a new tax on top of the old tax.there was a approximate 10 page article or a study where in the USA about half a dozen states did the same tax and it decreased the revenues for the state that imposes the new tax
what happens is people change there buying habits to reduce or eliminate the tax
the original taxes on the old purchase are now gone, the new tax is not collected, the dealer makes less money and so on
so,the bottom line was less revenue for each state so all 6 or more states have dropped that luxury tax
the turd and mutely and ndppppppppp are nuts, basic economics at play and they only know part of the grade 2 math curriculum
wish I could find the link to the repost from this year or last in the usa
yes I should have made that clearbut in our case the old tax is not eliminated, we just have a new tax on top of the old tax.
I agree that some will choose to spend less, but on the other hand with chip shortage, there are 3 buyers for every desirable car made. I for one have 3 cars that I want, all are 135K-140K and all have long waitlists.yes I should have made that clear
when you combine the 2 taxes the spending habits change to provide less overall revenue to the govt or powers that be
ROFL!Or will sellers see that as a sunk cost that goes to servicing the National debt?