My Eco Credit was Taxed?!
I picked up my X5 35d over the weekend and I was shocked to find that the tax was calculated on the total sale price before the eco credit. The $4500 eco credit was deducted from from the total price including tax.
My understanding was that tax would be applied after sale price was reduced by the credit. i.e. (sale price - eco credit) + Tax = My price but what I got was (Sale Price + Tax) - Eco Credit = My Price
What is the correct application of Tax? Anyone that recently bought care to chime in?
Thanks.
- Noonsey
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