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wow Texas must be closer to free? you don't want to look into California... when air is taxed and your carbon footprint has to be paid for on a personal level no matter where you are, you can be sure it will be California that institutes it.
Texas reserved the right to succeed but it looks like they are getting some ideas from some of the other leading states now?
It is financial rape to me. In the stock business, you pay taxes on any profit you make. You pay taxes on interest and dividend. I am not happy with it, but can tolerate it. But this tax on a used car between two individuals in which the buyer is not making profit from is the equivalent of financial rape from the state.
You're mixing income taxes and sales & use tax. There is no profit requirements for sales & use tax.
A lot of states (like Michigan) tax used cars on the declared transaction price of the car. Everybody lies.
Double taxation happens lots of places. You earn money and pay income tax on it, and if you have anything left, you pay it to your dentist to do a root canal. Then he gets taxed on what you pay him. Then he hires a yard man, who pays income tax for the third time for earning the same dollar.
It is financial rape to me. In the stock business, you pay taxes on any profit you make. You pay taxes on interest and dividend. I am not happy with it, but can tolerate it. But this tax on a used car between two individuals in which the buyer is not making profit from is the equivalent of financial rape from the state.
How is it any different than any sales tax you pay? It has nothing to do with making a profit.
the way I am looking at things now is most Americans are losing about 30% of their paycheck... (including sales tax and fees due to exist in ones respective county) do I need to see two separate notations on my check indicating how much state or how much federal was taken out? I think not...
maybe when the combined total gets closer to 50% of your earnings then people may start getting the same outlook who knows, but it is coming.
Last edited by Cosmic Artifact; 03-18-2012 at 05:40 PM..
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