Quote:
Originally Posted by speede5
The only reason they are doing it is because the items being taxed will most likely be registered in a government system that allows easy tracking and taxing. Same reason they tax used cars here in SK, because everyone has to go to their government agency and register them.
A lot hard to do with watches, clothes or other items.
It' easy low hanging fruit and since the majority don't own a +100K vehicle they don't get massive kickback.
A diesel truck can top 100k in a hurry and most gas trucks are over 60k. Is it a luxury when you need it for work or your business? 100K is not going to be a luxury benchmark for long.
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IMO taxes on any used products are ridiculous. I'm not even a fan of 'service' tax...I'd prefer a much higher 'goods' tax and limited/no service taxes.
At least work related vehicles can theoretically pass the cost on to the consumer (which isn't ideal in the grand scheme). It isn't much different than any other business expense decision...you direct your money where it helps you generate the best return...maybe that means replacing your dually a little less often, or buying used.
At least in the case of a work truck, I can't imagine many cases where it would make you less competitive in the wider world