February 27, 2009 at 8:10 pm
#16778
MattN
Participant
Meh, so you get to deduct the sales tax from next years IRS income tax return.
Its really not that big a deal either way, sales tax on a 7k bike is around 500 bucks. give or take. And you always end up multiplying that 500 by some mystery number like 0.0125 and the result is what you get to deduct from your taxes. I obviously don’t know what next years tax code will look like, but I’d be willing to bet you may save at most a 100 bucks off your bill if your lucky… its not going to be anything significant.