Re:Sales tax creates more unnecessary pain than value added tax
by labcomputer on Saturday December 12, 2020 @02:13PM
(#25400655)
That's not quite true and/or not a difference from countries with VAT:
1. Dealers (who are buying cars for resale) do not pay sales tax on cars. When you sell a used car to a dealer, the dealer doesn't pay sales tax on it. When you sell a used car to an auto recycler / scrapyard, they don't pay sales tax. If you know of any states that are exceptions, I'd love to learn what those are.
2. A quick Google search (by no means comprehensive, so I could be wrong) suggests that most countries with VAT also charge a land transfer tax.
1. Dealers (who are buying cars for resale) do not pay sales tax on cars. When you sell a used car to a dealer, the dealer doesn't pay sales tax on it. When you sell a used car to an auto recycler / scrapyard, they don't pay sales tax. If you know of any states that are exceptions, I'd love to learn what those are.
2. A quick Google search (by no means comprehensive, so I could be wrong) suggests that most countries with VAT also charge a land transfer tax.