OWNER REVIEW: MERCEDES BENZ AMG SLS BLACK SERIES vs. FORD GT, PART 1


twobjshelbys

GT Owner
Jul 26, 2010
6,213
Las Vegas, NV
Texas taxes on trade difference, I live in OK and we are taxed on the sale price of the purchase vehicle. I believe the rate in TX is 6.xx%, while here in OK we pay 3.25%.


Colorado is the same. MA was too. I think most states do it that way.
 

w. mitty

GT Owner
Mark IV Lifetime
Sep 1, 2005
704
Correctamundo. Trade equity not taxed.
 

Specracer

GT Owner
Mark IV Lifetime
Nov 28, 2005
7,162
MA
Yes true, but not on private party sales.