Quote:
Originally Posted by TemeCal
Not here in CA. You pay sales tax on the purchase price. So, it'd be 25k * tax rate.
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Correct, but let's be realistic here, I don't know anyone that has claimed even close to full purchase price on the tax forms for the DMV. It's more along the lines of "yep, I bought this $42k BMW for $5,700." While that may be illegal, California is absurd when it comes to taxes.