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Will that $2.00 bankrupt you???
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acfarmer
Posted 11/12/2010 11:30 (#1432567 - in reply to #1432446)
Subject: Re: Will that $2.00 bankrupt you???


Revere Missouri very northeast corner.
They dont tax farm equipment here yet. The tax I dont get is vehicle tax. Say guy 1 buys new 50,000 truck pays tax on 50,000 truck, sells it to guy 2 for 35,000 he pays tax on 35,000 sells it to guy 3 for 30,000 he pays tax  and ect . ect. Say that truck went through 7 owners paying sales tax . How much money did the state make on that truck when first owner paid total sales tax on it. I dont get how they can keep taxing something that has already been taxed.
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