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Originally Posted by timmgirvan
Dude: just kidding....but what kind of car will you be buying for 8 grand?
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Yeah, it isn't like if you buy a car for $8,001 you are suddenly getting taxed for 23% on all of it. You'd just get taxed 23 cents for that one dollar past $8,000. So a $15,000 car would cost you $1610 in sales tax as opposed to $1200 if the full price was taxed at 8 percent. A small difference if you are getting relief on income tax. The people buying $100,000 vehicles would be the ones getting hit by it as that would cost $21,160 in taxes rather than $8,000.