Luxury car taxes – Are huge in this country!

27 11 2009

The new Mercedes Benz SLS AMG:  See article here

The SLS officially went on sale in Germany this month with a pricetag of Euro 177,310 including sales tax. In straight conversion terms that’s around A$284,000. With local luxury car taxes, GST and the like, the pricetag is likely to be closer to $500,000 when it arrives sometime next year.

That’s some serious taxation.  Another example of how economic fallacies live on.  In this case, the idea that the poor benefit by harsh taxation of the rich – False.  In reality, everyone suffers.

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