I maybe completely off but from what I understand of tax laws (at least when I took tax accounting) is that you only pay taxes once on the same item. So if you paid taxes on the purchase, you do not pay taxes again on the same vehicle. When insurance gives you money for your car, due to it being totalled, it should be no different than you selling a car to the insurance company, and the seller shouldn't pay taxes on a vehicle he already paid taxes for @ purchase.
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Project Pearl Necklace - PW 370z 05/01/2010 - 07/06/2011 (sold)
Quote:
Originally Posted by Red__Zed
Dp'd by five ohs and I liked it...I liked it
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