Thread: Trade in Value
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  #21  
Old 04-23-2007, 10:32 AM
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X5FX X5FX is offline
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Quote:
Originally Posted by X5 Guy
Many people used to sell a car for $1.00 but it was actually worth $30,000 thus keeping the tax payment low for the buyer.
This just doesnt happen anymore. States use book values to determine tax base.
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