Submitted by Worsebetter t3_10nwcog in rva
iluvpntbtr t1_j6cxkp9 wrote
One thing I think about is anyone doing the analysis on how much local business income could be generated by moving to a different tax method? For example I’m hesitant to buy a new car simply because of the taxes on it vs my 10 years old car. So the local car dealer is not getting my business or insurance person that’s I’d buy on said new car. This also promotes a lot of older less environmental friendly cars on the road too. Just my 2 cents.
Proper-Ad4006 t1_j6f8uxi wrote
The difference amount saved on gas in a newer car definitely compensates for the maybe couple hundred more you spend on taxes.
iluvpntbtr t1_j6g69cb wrote
I’m gonna do the math on this this week and get back to you because I’m genuinely curious. My husbands new vehicle 2k per year in taxes. My 10 yr old vehicle 200$ per year in taxes- wondering if cost of said new vehicle can actually save me 1800 per year in gas at 8k miles Year year. Honestly I’m doubtful but want to do the math vs being a subjective skeptic.
Proper-Ad4006 t1_j6gaddt wrote
Surprised that your husband's is so expensive. My 2019 prius was $500 last year, so for the extra $300 I pay is definitely balanced out by gas saved in a hybrid but not sure with his taxes being so pricey
iluvpntbtr t1_j6hq22t wrote
I wonder if yours are so low because of EV credits?
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