Zoomer SHORT-CIRCUITS when she tries to understand America's tax system.
(www.bitchute.com)
How 🇺🇸 Taxes The Tax of Tax
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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,
We've had 4 sales in 15 years and generated $6,225 in taxes.
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.