12-15-2011, 02:27 PM
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#11 (permalink)
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A True Z Fanatic
Join Date: Jul 2010
Location: window seat
Posts: 28,940
Drives: Mostly on two wheels
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Quote:
Originally Posted by Pharmacist
Yes, that's the thing. I was wondering if anyone here had experience with totaled cars and whether they were compensated for sales tax. I already faxed the bill of sale to the insurance company, and still waiting for them to respond.
Honestly, I think the greedy government is double dipping. They already taxed the cars once when they were new. They should not be taxing them again when sold used. really, if a car was sold 10 times, with each time the government getting a 13% tax revenue ( assuming no depreciation), that means the government earned on that car 130% of the car's value as tax!!!!
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Bolded part is key
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