From the bloggers at Roadtreking.
Many states do what is called “double dipping,” charging full sales tax when you buy the vehicle, and then again charging you tax on the full purchase price of a new one when you you trade it in, ignoring the trade in price.
It doesn’t take a genius to know that it is patently unfair.
In Michigan at least, that double dip tax recently away. State lawmakers made a big change in vehicle taxes that Governor Rick Snyder signed. The bills cut the amount of sales tax people pay on cars, boats and recreational vehicles when they trade in another.
To read the full story by Roadtreking, click here.