Quote:
Originally Posted by zip159
It really depends on your tax bracket.
Car: 30,000
Taxes @ 7%: 2,100
Estimating 16% for taxes still equals $336. Sounds good to me.
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Mine is $32000.
Tax is $3120 (9.75% in CA where i live)
I'm in the 30% tax bracket. so $3120 x 30% = $936 tax refundable.
Not bad.