Paid taxes on the truck plus plates and title transfer close to 1K total. I know some states are way crazy on vehicle taxes but in the past SD was rather reasonable but things have doubled over the years. Today I figured I’d pay the difference between what my trade in was and what I payed in the difference.

Maybe this is common but if there’s a dealer rebate of say $2,500 that you don’t pay they tax you on that also. I can’t think of any other business that sells you anything off MSRP then taxes you for more than the price you paid for it.

Here in Illinois if you trade in a vehicle worth 20k or more you pay sale tax on the vehicle you purchased and sales tax on the value of the car you traded in.

We bought a boat from my mother in law and paid very little. Since it was from a family member we only paid tax on the amount we paid. However if it had not been a family member and we paid less than what the state valued it at then we would have to pay taxes on the states assumed value and not the purchase price.

Purchased a new truck in October, NYS got $2700 for doing nothing.

Wife and I now pay $591 per month from our SS checks for Medicare, because an LLC I was in sold our property for a profit. Got to pay the increased premium for at least two years. Of course, we paid through the nose on income taxes as well.

Making a profit on investment real estate can be a problem.

Dang I thought the year I bought my brand new jeep and Paid $1000 was alot.

Thats cheap.What did you buy and how much was it?

You will own nothing and be happy.
My Son paid $5000 to get a pickup licensed

When i moved to Michigan they wanted me to pay taxes on vehicles i already owned. Told them to catch me and left less then a year later, glad Nevada doesn't charge tax on private sales.

Toyota Tundra@$35,000 with F-250 trade-in.

Land of the free.

Six percent of price here in Pa. But if you’re getting 100% disability from VA, there’s no tax.

8% here.

It was 3% years ago then it went to 4% before 2018 at least. I just don’t get how they can charge tax on the factory rebate everything has a MSRP so if I go out and buy a $1,000 couch on sale for $500 I don’t pay the tax on $1,000 I pay on the $500 purchase price.

Sales taxes are becoming the more preferred way for governments and municipalities to raise funds. Sales tax don't create the huge negative thoughts that go with income tax and how unfair etc. etc. they are. The thing about slaes tax is it hits all people buying stuff and lower incomes will feel it more than middle or higher incomes. The way to minimize sales tax is for governments to decide what items get exempted. Another way for government to increase revenues is through fees which in some states make up large portions of their revenues. One does not need to file or spend monies with sales taxes, you just pay what the rates are in your area.

Bryce

Sales tax won't replace income tax, but it could replace property tax which is the dumbest tax ever.

With the rapid high increases in RE values I don't see municipalities wanting those revenues going away and also RE taxes are not federal, thus of a more local nature. If RE taxes are replaced by sales tax then the rates will go way, way up and it will work ot lessen the value of the assets, just like we see land values typically slow or drop when interest rates increase. We have not seen as much of that lately as so many of the buyers are cash buyers.

Bryce

The taxing of the total MSRP figure is predatory that’s the only time they pull that BS because they can get away with it.

Don't have any of those taxes here in Alaska. Legislature been threatening for a while.

This is one of the main reason I purchase a vehicle and drive it until it completely fails. It is taxed ever time it sells in MO.