advanced damping-Cars | Automatic amortization
Understanding the luxury car tax and why the rate is different.
Although there from 1990 to 2002 this tax was collected in addition to the luxury car sales tax from consumers by some state governments no longer a luxury car tax in the United States, this type of tax was collected from vehicle manufacturers for some expensive cars.
In 1990, the Clinton administration helped pass the tax on luxury vehicles, which added a new tax rate of 10 vehicles on any amount over 30 000 was paid for a new car at the time , vehicles that cost more than 30,000 were considered expensive luxury vehicles that were too expensive and out of reach for most consumers, however, the tax was only applicable to cars and has not been levied on trucks, vans or SUV, they were seen as mainly commercial vehicles for tax purposes.
The tax has been applied to the amount of the purchase car that exceeded the 30,000 threshold Therefore, if a car cost 40,000, the tax was applied to 10,000 of the purchase price, which led to a 1000 tax being due to the US government the tax is usually included in the price of the vehicle and was paid directly by the manufacturer to the IRS, however, the charge has been passed on to consumers shaped car prices rose.
The rate of the tax on luxury cars gradually decreased over the years when the tax expired December 31, 2002, the tax rate luxury cars had dropped to 4 of an amount exceeding 40,000 for the suggested retail price of the manufacturer for any new car tax was not renewed by Congress after it expires because of his unpopularity with consumers and automakers alike.
Although the tax on luxury vehicles are no longer collected in the United States, the tax is levied in other countries, such as Australia still collects a tax on luxury vehicles rather high on most vehicles the amount of government threshold in 2010, the maximum price limit for common vehicles is 57180 for any amount of the price of the car that exceeds this amount, the Australian Government levies a tax of 33 surplus.
Therefore, a vehicle that costs 67180 would be a tax on luxury vehicles 33 deducted from the amount 10 000, which exceeds the limit price set by the government for the common vehicles This would result in a 3300 tax being due to government Australian by the automaker, which is then passed on to the consumer As you can see, with particularly expensive luxury vehicles, this can significantly add to the cost of the new car.
There has been much debate in Australia about whether the tax on luxury vehicles benefits the government with additional revenue or hurt the economy by discouraging consumers from buying expensive cars, thereby causing the government to lose on other types of tax revenues These are the same kinds of discussions that led to the tax is so unpopular in the United States, and are the reasons that many lawmakers in Congress did not seek to extend the tax past its expiry 2002.
Understanding the luxury car tax and why the rate is different, understanding, luxury, rates, different.
Temple of Understanding, 211 43rd St #1600, New York, NY 10017, США
2.5