CNN explains the auto sales tax feature of the Stimulus Plan

Well it will not be very much money to most of us.  It is equivalent to deducting the sales tax  from your taxable income.  You will get back the sales tax times your marginal tax rate.  If you are in the 15% marginal tax rate, that is 15 cents on each dollar of sales tax.

Click below for CNN’s article.

Auto sales stimulus cut back - Feb. 12, 2009