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Carl, I think you misunderstood (archive)

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Posted by JoeZaf on October 23, 2000 at 12:57:21:

In Reply to: Sales tax issue posted by Carl B on October 23, 2000 at 12:26:52:

I believe what he was referring to is the fact that when I bought my car off lease I had to pay sales tax on the residual value even though I was going to immediately transfer the car to a third party. Essentially, what ended up happening is that I paid sales tax on the residual, than he purchased the car from me and paid sales tax again.


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