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Local taxation. By handing out localized regulated monopolies, States and cities get to claim a chunk of the profits from each sale rather than handing it all o
by koolba 7y ago
Local taxation. By handing out localized regulated monopolies, States and cities get to claim a chunk of the profits from each sale rather than handing it all off to an out of State manufacturer.
- ineedasername 7y agoI know states get sales tax, but they'd get that regardless. What other taxes or fees do states and cities get from car sales?
- chillingeffect 7y agoi think they mean if there were no local monopoly the market would be more efficient with less profit and less tax
- koolba 7y agoIncome tax on commissions, property tax on the real estate for the lots and showrooms, business licenses for operating within the municipality. Really anywhere they can.
- pbourke 7y agoTab and registration fees on the turnover of vehicles.
- fyfy18 7y agoIf there were less car dealerships, there would need to be more independent mechanics to cover servicing and repairs - so at the end of the day I don't think much would change in terms of state and city income.
- ineedasername 7y agoThese things all apply to every other business, but you don't see the same type of issues with every business. I don't see anything that state & local governments get from the current model above & beyond others.