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How much is the luxury tax on cars in Virginia?

Lexus


Tax on luxury cars?

I believe any non-commercial vehicle over $50,000 or $55,000 in the USA has the tax.


What is the tax rate for new auto in DuPage county?

7.25% is the sales tax rate for cars registered in DuPage County, Illinois


What is California's luxury tax?

no their is no luxury tax in California anymore.


What is the rate for Luxury Tax?

The luxury tax is a tax on luxury goods, which are products considered not essential for living. The luxury is levied at different rates depending on the price of the product.


Names of 2008 Luxury Cars?

Names of 2008 Luxury Cars?


What is the sales tax in kendall county Illinois for new cars?

The current total local sales tax rate in Kendall County, IL is 7.25%


Are Mercury luxury cars?

yes Mercury luxury are cars but not as fast as others


What is the Collective noun of luxury car?

The collective noun for luxury cars is the same as the collective noun for any type of car, a fleet of luxury cars.


Is there such thing as a luxury tax?

Yes, but it is not always called a luxury tax; it may be called a surcharge, an excise tax, or something else entirely. It is generally triggered by the purchase of a "non-essential" (luxury) item (such as a yacht, private jet, or a high-end motor vehicle), and requires the buyer to pay taxes on the purchase at a higher overall tax rate than the rate he would have to pay if he had purchased a non-luxury item. An extra tax surcharge is imposed on all or part of the purchase price of a luxury item (and the tax laws define what constitutes a "luxury" item). Some states impose a "luxury" tax on the purchase of cars that get too few miles to the gallon, apparently because the buyer can afford all the extra fuel he'll need to operate the car.


What is the Illinois sales tax on new cars?

You would use the tax rate of the city in which the car would be registered. So, if you bought a car in Chicago, but live and register your car in Schaumburg, the dealer or state would use the Schaumburg tax rate when calculating your tax.The Illinois sales tax on new cars is 6.25 percent of the sale price of the car. The car dealer collects the sales tax and enters it on form ST0556.


How do you calculate luxury tax?

sale package 10000 so what amount we will calculate in luxury tax & what is the reason