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You must pay vehicle sales tax when you buy a used car if you live in a state that has sales tax. However, you do not pay that tax to the car dealer or individual selling the car.
The used car sales tax is the state’s tax rate (7.25%) plus the city’s rate (2.25%), for a total of 9.5%. If you spend $20,000 on a used car, you’re paying $1,900 in sales tax.
Sales tax on large purchases, like a car, is crucial to factor into the price. Depending on where you live and the price of your car, sales tax can cost you thousands of dollars. But did you know ...
Hoovie's Garage is a YouTube channel featuring videos about cars and trucks. The videos are hosted by Tyler Hoover , who also presents "Car Issues" for Motor Trend on Demand . [ 3 ]
Most new employers in the state of Indiana start with a 2.5% unemployment tax rate unless your company is a construction company, successor company, or a government entity, at which point your tax rate is 2.53%, .5% to 9.4%, 1.6% respectively. [9] Indiana employers are required to pay unemployment taxes for any year in which they have employees ...
In the United States, the expansive manufacturing infrastructure, increase in consumerism, and the establishment of the Interstate Highway System set forth the conditions for car dependence in communities. In 1956, the Highway Trust Fund [6] was established in America, reinvesting gasoline taxes back into car-based infrastructure.
To determine the most expensive states to own a car, GOBankingRates surveyed and totaled the cost of buying and owning a car for one year in all 50 states. This included car sales tax, average ...
There are two ways to buy a car that has a loan that still has a loan on it, and thus a lien. You can pay off the loan balance yourself by writing a check directly to the lender, or you can ask ...