Edmunds.com estimated that the average clunker sales price was $26,321, meaning roughly $18 billion worth of new vehicles were sold under the program. Multiplied by the average combined state and local sales tax of 7.5 percent, the total tax bill amounts to a loose estimate of $1.36 billion.
"Has the pool been drained as a result of this program for the next couple of months? That is the question," he said.
Click on the following for more details: State budgets get adrenaline shot from Clunkers - Yahoo! News
No comments:
Post a Comment