Wednesday, Jan. 9, 2008

What a deal

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‘‘Vehicle titling tax goes from 5 percent to 6 percent. Trade-ins will be deducted from the value of the car being taxed ...” (‘‘Bevy of tax changes kick in this week,” Jan. 2 article).

Am I understanding this correctly? This would be a true change in that the traded vehicle’s value will be deducted from the new car’s value and you will be taxed on the remainder⁄balance?

If so, this is great because it has not been that way on the last three vehicles I bought in Bethesda.

Earnie Holifield, Potomac