Quote:
Originally Posted by KA24DESOneThree
That $275,000 Ferrari may not look like such a good deal when it's $357,000; this would lead to a disincentive to purchase inside the US and an incentive to purchase outside the US.
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Wrong. The cost to the buyer *should* be about the same. The difference is WHEN the taxes are being taken.
That $275,000 Ferrari is $275,000 of
already taxed money. Take the GROSS income of that $275,000- the amount that that 275k
used to be before taxes were taken out, and it should be around $357k. The AMOUNT of tax isn't whats in question here. WHEN the taxes are applied is what were debating.