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View Full Version : Ian purchased a used car for 2500 how much tax did he pay?


kimbo19
Jun 22, 2012, 08:13 AM
How much did ian pay in taxes for buying a new car for 2500

smoothy
Jun 22, 2012, 08:15 AM
how much did ian pay in taxes for buying a new car for 2500

And you think ANYONE can possibly answer that question with just what little you told us? Sounds like a homework question anyway...

AtlantaTaxExpert
Jun 22, 2012, 08:20 AM
If you bought a NEW car for $2,500, then it was STOLEN.

AtlantaTaxExpert
Jun 22, 2012, 08:22 AM
Now, a USED car for $2,500, that's more plausible.

You probably owe a sales tax (which varies from state to state) and probably a transfer tax (also varies from state to state).

smoothy
Jun 22, 2012, 09:03 AM
If you bought a NEW car for $2,500, then it was STOLEN.

Right... I missed that... you can't even buy a new NANO for that price...

Most certainly this is a homework question and it's a very old textbook.

There are site rules about giving out homework answers to people that never tried to do the homework.