To: | "spitfires@autox.team.net" <spitfires@autox.team.net> |
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Subject: | Re: BIZARRE LAWS (all cars) |
From: | "Michael D. Nugent, Ph.D." <nugentmd@gte.net> |
Date: | Thu, 27 Jul 2000 18:41:36 -0700 |
The hot news here in Washington (the state) is that "use tax" (a form of sales tax paid when you first transfer title of a car as the result of a sale) on cars sold between private parties will no longer be based on what the actual sales price was if that amount is below the value listed in the state-approved "red book." For example, if you buy a used Spitfire for $1000 and the book lists it as being worth $2500, your tax bill is based on the $2500. Creative, aren't we?! Mike Renton, WA |
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