Can I contribute the same amount to an IRA as my 401(k)?
January 22, 2003
Subject: Saw your web site
Date: Thu, 02 Jan 2003
From: Frankie
Saw your web site at Taxtrimmers.com.
What is the current status of the luxury tax as of 01-01-2003?
Also, who do Florida licensed automobile dealers pay luxury tax to? The IRS or Florida Department of Revenue.
Answer
Date: Fri, 03 Jan 2003
Hello Frankie,
The federal luxury tax on automobiles is repealed as of January 1, 2003. Thank God!
Florida automobile dealers paid the federal luxury tax to the IRS. I don't know if there is a Florida luxury tax. Ask a local auto dealer. They should know.
Good luck!
Mike Gray
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