posted on Jan, 30 2013 @ 10:58 AM
So the other day I had to pay my truck registration, not a happy day. My work truck is a 2003 Dodge Ram 2500 4x4. It is a necessity in my business,
not a luxury. Due to a lift gate on the rear and taller off-road tires I get a little less than 10mpg. In the eight years I have had it I have put
about 100,000 on the truck. The original owner only 20,000 miles before he sold it to me. On to the point.
Truck cost the original owner $54,000: Sales tax paid $5,000
I bought the truck for $20,000: Sales tax paid: $1,900
110,000 miles driven, Gasoline tax paid to the State: 4,000
Registration has averaged 400.00 a year x ten years: 4,000
To date the State has made on my Truck: 14,900
Over the next ten years add another $7,000
Total made by the State in taxes over the 20 year lifespan of my truck and you end up with nearly $22,000
Toss in another $8,000 in gas taxes to the Feds over it's lifespan and you have a grand total of $30,000
Not bad for a product they did not build, did not inventory and did not sell.