Re:Japan Seeks to Squelch Its Tiny Cars
by Jtsummers on Monday June 09, 2014 @08:22AM
(#7868055)
> Government giving up on any tax opportunity? I wish, but not in the world I know...
Interestingly, the state of Georgia dropped the normal annual ad valorem tax on cars. Now, any new car purchase is covered by its sales tax (which was being paid before) for the life of the vehicle for that owner (when they sell it the new owner will owe some smaller amount, I assume, but haven't had to deal with yet). I still haven't figured out how they expect to make up that revenue, unless other taxes are just bringing in enough revenue to make up for it. Or it may have been expected/hoped that the reduced cost of ownership would encourage the purchase of newer cars.
Interestingly, the state of Georgia dropped the normal annual ad valorem tax on cars. Now, any new car purchase is covered by its sales tax (which was being paid before) for the life of the vehicle for that owner (when they sell it the new owner will owe some smaller amount, I assume, but haven't had to deal with yet). I still haven't figured out how they expect to make up that revenue, unless other taxes are just bringing in enough revenue to make up for it. Or it may have been expected/hoped that the reduced cost of ownership would encourage the purchase of newer cars.