] "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."

Luxury tax on cars expires in 2003