S
Sandy
Guest
Dear Freddy,
I just came home after a month or so abroad, and was informed by some friends that the new tax package will include a tax on automobile purchases. I was told that the initial plan was to impose a tax of 0 for cars up to $ 7000 usd, 25% from 7 to 20000 usd, and 50% tax for cars above the value of $ 20,000 usd. Today a friend told me that the president, upon leaving for Mexico, stated that he would "cut" this tax. Of course now, the question is, "cut" as in eliminate, or "cut" as in reduce, or perhaps another blooper?? The reason that it is a concern for me is that I had planned to purchase a new car this year ( June or so ) but will have to struggle to purchase now. If the tax is for real, of course it is worth the struggle to purchase now, but... how do I know?? I appreciate any info that you have on this matter. Thank you very much.
I just came home after a month or so abroad, and was informed by some friends that the new tax package will include a tax on automobile purchases. I was told that the initial plan was to impose a tax of 0 for cars up to $ 7000 usd, 25% from 7 to 20000 usd, and 50% tax for cars above the value of $ 20,000 usd. Today a friend told me that the president, upon leaving for Mexico, stated that he would "cut" this tax. Of course now, the question is, "cut" as in eliminate, or "cut" as in reduce, or perhaps another blooper?? The reason that it is a concern for me is that I had planned to purchase a new car this year ( June or so ) but will have to struggle to purchase now. If the tax is for real, of course it is worth the struggle to purchase now, but... how do I know?? I appreciate any info that you have on this matter. Thank you very much.