If you bought a car and paid taxes on it then sold it to someone, they pay taxes on it and then if by chance you bought it back (hypothetically dumb, but possible) you would owe taxes on it. I don't get it.
2006-07-07 19:32:10 · 6 answers · asked by mbmare5 2 in Business & Finance ➔ Taxes ➔ United States
You are referring exclusively to a sales tax. A sales tax is a "transactional tax" meaning that it is imposed on any transaction to an ultimate product consumer. So if you are dumb enough to purchase the same item twice, you would be required to pay the tax twice since two separate transactions have taken place.
Also remember that since the sales tax is computed on the purchase price of the car, you would pay less tax the second time you bought it, since the price would likely be cheaper.
Why do I get into this at 3:15 in the morning.
2006-07-07 20:11:33 · answer #1 · answered by Anonymous · 0⤊ 1⤋
The tax is not just on the sale of the item. It is for the paperwork to change the title, and for use of public things (license plate, roads, police officers, stop lights, etc) With an auto there are a number of things involved such as changing the paperwork, changing the info in the computer system, and things like that.
Yes the roads have been paid for but they must be maintained. There are repaires involved, and then the upgrades such as adding another lane.
2006-07-08 03:13:30 · answer #2 · answered by billybetters2 5 · 0⤊ 0⤋
The tax isn't on the actual item, it's a tax taken from the transaction of business.
2006-07-08 02:36:06 · answer #3 · answered by toeferbino 2 · 0⤊ 0⤋
the answer is no it's not illegal becouse it stands the chance of reducing poverty.
2006-07-08 02:42:35 · answer #4 · answered by auta s 1 · 0⤊ 0⤋
no you don't get it uncle SAM gets it
2006-07-08 02:36:32 · answer #5 · answered by Anonymous · 0⤊ 0⤋
laws . ?
2006-07-08 02:35:43 · answer #6 · answered by the_silverfoxx 7 · 0⤊ 0⤋