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[6 Feb 2009 | 3 Comments | ]

Please someone with experience in taxation can explain to me how it is legal? Say you bought a car for $ 60,000 U.S. dollars and I paid 7% ($ 4200) tax dollars at the time of registering the car (not leasing) after two years if the car sells for $ 50,000 U.S. dollars the new buyer will pay $ 3500 dollars in taxes. If the second buyer sold the car again on the third buyer also have to pay taxes again. Well since the government is raising taxes for all sold, why is the car’s first owner is not entitled to recover its taxes since only been used for the value of $ 10,000 car, is there any law , one? please only serious responses.