Zoomer SHORT-CIRCUITS when she tries to understand America's tax system. - The Great Awakening

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Zoomer SHORT-CIRCUITS when she tries to understand America's tax system. (www.bitchute.com) How 🇺🇸 Taxes The Tax of Tax

posted 159 days ago by winn 159 days ago by winn +202 / -0

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– OffGridGuy 2 points 159 days ago +2 / -0

How do you figure? Lets pick an average State + Local sales tax of 7.5%

1/0.075 = 13.33

That means you'd have to sell the automobile 13.33 times WITH ZERO DEPRECIATION for the taxes to equal the original value of the vehicle. Nobody does this,

Buy a $30,000 CR-V. Pay $2500 in taxes.
Sell it in 5 years for $23,000. Pay $1725 in taxes.
They sell it in 5 years to someone else for $15,000. $1,250 in taxes.
They sell the now 15 year old vehicle for $10,000 and that's $750 in taxes,

We've had 4 sales in 15 years and generated $6,225 in taxes.

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– dec3169 4 points 159 days ago +4 / -0

I didn't do the math, but I do know some states have personal property tax on vehicles - yearly. Then, assuming it is a gas car, you have a ton of gas taxes until you stop driving or sell the car. Some states' gas taxes are way high. Then you have sales taxes on everything you buy for the car, from the fluids to the tires to any required service. If they bought a used car I think it could happen if they kept the car long enough. If you count the registration and inspections as taxes they will push it higher as well.

Honestly I'd like to treat the uninsured motorist insurance and the other crap they mandate as taxes as well.

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