07-12-2017, 09:27 PM
(07-12-2017, 08:52 PM)p2ee Wrote: Mentioned above, I don't see how it's not relevant. And yes it's only paid on the incremental value, so a $20k car would initially generate 2600 in taxes and then 1300 when it's sold at a market value of 10k.
If no one ever trades in an old car, then you are correct, yes.