Subject: Luxury tax question
Date: Wed, 02 Jul 2003
I won a $50,000 car in a drawing that I entered at the mall. What is the luxury tax on that? I know that in 1999 it was 6% but I'm sure it's changed. Also, is the luxury tax an additional tax you have to pay after you have paid for the other taxes on the car? I hope that made sense because I'm totally confused. Could you please advise? Thank you.
Date: Mon, 7 Jul 2003
There is no luxury tax on your car. The luxury tax expired, effective January 1, 2003.
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