Sam bought his car, new, two years ago for twenty grand. At the time he paid fourteen hundred dollars in Sales Tax to the state of Georgia. Yesterday he sold the car for ten grand to his nephew and now the state wants an additional seven hundred dollars because of another transaction on property that has already been taxed on this value. Keep in mind this is not tax on increased value of an appreciating asset. Instead it is a second bite at the apple on the remaining value of a depreciating asset and is commonly considered double taxation.
In the early days of the TEA party this would have caused an uproar but today it doesn't warrant a peep out of the formerly anti-tax crowd.
In the early days of the TEA party this would have caused an uproar but today it doesn't warrant a peep out of the formerly anti-tax crowd.
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