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When buying an automobile, if one trades in a car, the state deducts the price of the trade when calculating the sales tax to be paid on the automobile (e.g., purchasing a $40,000 car, and trading a $10,000 car, a person would be taxed on the difference of $30,000 only, not the full amount of the new vehicle).
Using EPA 2018 Fuel Economy Guides assumptions for national average pricing of $2.56/gal regular gasoline and $0.13/kWh we can calculate a vehicle that is rated at 84 MPGe or 40 kW/100 Mi efficiency and has a 16.5 kW EV battery of which 13.5 kWh is usable for electric driving with an advertised range of 33 miles per charge.
Itemized average total costs for the average American driver to own and operate an automobile. [1] This yearly value, around US$6650, corresponds, according to AAA, to a small sedan. [2] A car's internal costs are all the costs consumers pay to own and operate a car. [3] [4] [5] Normally these expenditures are divided into fixed or standing ...
Federal fuel taxes raised $36.4 billion in Fiscal Year 2016, with $26.1 billion raised from gasoline taxes and $10.3 billion raised from diesel and special motor fuel taxes. [16] The tax was last raised in 1993 and is not indexed to inflation. Total inflation from 1993 until 2017 was 68 percent or up to 77 percent, depending on the source.
The average price of a new car rose above $41,000 for the first time in U.S. history, ... J.D. Power predicts total new vehicle sales in 2021 will reach 15 million units, down from the 16.9 ...
Here’s how to calculate how much you’ll pay in sales tax on a product. Use the following sales tax formula: sales tax = list price x sales tax rate (as a decimal) For example, Sarah is ...
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