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For most people, the only way to avoid paying sales taxes on a car purchase is to buy a car in a state without a sales tax. These states include: Alaska. Delaware. Montana. New Hampshire.
Montana has no state sales tax but some municipalities which are big tourist destinations, such as Whitefish, Red Lodge, Big Sky, and West Yellowstone, do (up to 3%). Hotels, campgrounds and similar lodging charge a "lodging and usage tax", usually at the rate of 7%. Rental car companies charge a 4% tax on the base rental rate.
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 ...
The tax credit will only be given to the original purchaser of the vehicle, and not to a secondhand owner. If the vehicle is being lease, the tax credit can be claimed by the leasing company alone. The vehicle must be used mostly in the United States. The vehicle must be placed in service by the taxpayer by 2010 or later.
It’s no secret -- car ownership in America isn’t exactly cheap, especially when it comes to new cars. Aside from the national average cost of one year of auto financing payment (around $9,228 ...
Hoy No Circula (literally in Spanish: "today [your car] does not circulate", known as No-drive days) is the name of an environmental program intended to improve the air quality of Mexico City. A similar coordinated program operates within the State of México, which surrounds Mexico City on three sides. Mexico City and Mexico State have ...
Delaware: Corporate Bargains. Delaware is one of five states with no sales tax. The state has a low 8.7% flat income tax on corporations, and if a business doesn't conduct its operations in ...