Elimination of Luxury Tax in 2003
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Joined: May 2002
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From: NYC
04 - S600 Sport
Elimination of Luxury Tax in 2003
When purchasing your new MB, don't forget that in 03, the luxury tax will be eliminated which could save you some money. Rather than a Nov or Dec delivery, a Jan 03 delivery may be worth the wait.
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From: South Orange Co., CA
'03 W211 aka E-500
Really?
First I've heard of this. Is it a national tax? I thought it was a left-coast (i.e.-Kalifornia) only tax.
What are the odds the greedy "never-saw-a-tax-I-didn't-like," "tax-the-rich-give-to-the-dope-smokers" politicians will extend the sunset on the tax?
Could be a useful "spur on the economy" kinda thing to kill it too.
Hmmmmmmmmmm. I hope it's true!!! please be true, pleasepleasepleasepleasepleasepleasepleaseplease!! !
EDJ
What are the odds the greedy "never-saw-a-tax-I-didn't-like," "tax-the-rich-give-to-the-dope-smokers" politicians will extend the sunset on the tax?
Could be a useful "spur on the economy" kinda thing to kill it too.
Hmmmmmmmmmm. I hope it's true!!! please be true, pleasepleasepleasepleasepleasepleasepleaseplease!! !
EDJ
Thread Starter
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Joined: May 2002
Posts: 185
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From: NYC
04 - S600 Sport
Originally posted by vraa
i'm kinda like diablo right now.. is it true?
i'm kinda like diablo right now.. is it true?
"Any new vehicle priced over $36,000 is subject to the Luxury Tax. This tax is now being phased out by the government and will be eliminated completely in 2003. Until then, the tax rates are: 1999 - 6%, 2000 - 5%, 2001 - 4%, 2002 - 3% and 2003 - 0%. "
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Out Of Control!!
Joined: Dec 2001
Posts: 12,161
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From: Obama Land
K Car
This percent is on the difference of the purchase price, minus 36k. So if your car cost 40K, you would only pay this tax on 4K which would come to $120. Not a enough $$ IMO to put off delivery.
Thread Starter
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Joined: May 2002
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From: NYC
04 - S600 Sport
Originally posted by revstriker
This percent is on the difference of the purchase price, minus 36k. So if your car cost 40K, you would only pay this tax on 4K which would come to $120. Not a enough $$ IMO to put off delivery.
This percent is on the difference of the purchase price, minus 36k. So if your car cost 40K, you would only pay this tax on 4K which would come to $120. Not a enough $$ IMO to put off delivery.
Out Of Control!!
Joined: Dec 2001
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From: Obama Land
K Car
Originally posted by FC Corp
okayyyyyyyyyy.... but if your car costs $145k, hey... could put an extra present or two under the tree for my son this year.. lol....
okayyyyyyyyyy.... but if your car costs $145k, hey... could put an extra present or two under the tree for my son this year.. lol....
I would like to think that if you can afford a $145K car, you would have no problem putting presents under the tree!! Then again, some people get stretched to the limit.....
Out Of Control!!
Joined: Dec 2001
Posts: 12,161
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From: Obama Land
K Car
Also.....
Just wanted to say that I'm very happy that they are getting rid of the "luxury" tax! Now if they could do something with the extra taxes for having a phone, the marriage penalty, etc..... 
Thread Starter
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Joined: May 2002
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From: NYC
04 - S600 Sport
Originally posted by revstriker
True, true.... I would like to think that if you can afford a $145K car, you would have no problem putting presents under the tree!! Then again, some people get stretched to the limit.....
True, true....
I would like to think that if you can afford a $145K car, you would have no problem putting presents under the tree!! Then again, some people get stretched to the limit.....
Shape up dude, the message was to inform others of the elmimination of the tax.
