] "The long dwindling luxury tax on automobiles will be ] completely phased out on January 1, 2003. Car sellers ] will then no longer have to pay the tax of three percent ] of the amount of the sales price that exceeds $40,000. ] That means that the price of your new car will be reduced ] by the amount the dealer saves in taxes. So if you can ] wait a few months to purchase that new Hummer, it may ] well be worth your while." |