RE: If he's smart, tax implications are $0
Posted on: March 13, 2025 at 09:03:10 CT
sarasotatiger MU
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There is no personal property taxes in Texas. Sales tax is in the payment, and in this case it was more than likely a one year lease paid for by the dealer. The NIL payment for that car would have been around 10% of the MSRP. I wonder how the dealer gets a Tax write off for this. A donation to the University?