Driving Force Newsletter - April 2010
Posted: 27 Mar 2010, 09:50THE TAX MAN COMMETH
States Look to Raise Revenue on the Backs of Antique Vehicle Hobbyists -
It’s that dreaded time of the year known collectively around the country as tax time. With state coffers depleted, the government in Washington, D.C., isn’t the only one that’s after your hard-earned money. State governments are increasingly looking at collector and antique cars as a piggy bank they can crack open when they need to feed their bloated budgets. In Michigan, the birthplace of the American automobile industry, collectors and hobbyists take deserved pride in preserving these relics of a bygone era for future generations. It is ironic then, that the state which spawned these historic works of art is now looking to capitalize on their continued existence by increasing taxes and fees on them
Entire April Newsletter
States Look to Raise Revenue on the Backs of Antique Vehicle Hobbyists -
It’s that dreaded time of the year known collectively around the country as tax time. With state coffers depleted, the government in Washington, D.C., isn’t the only one that’s after your hard-earned money. State governments are increasingly looking at collector and antique cars as a piggy bank they can crack open when they need to feed their bloated budgets. In Michigan, the birthplace of the American automobile industry, collectors and hobbyists take deserved pride in preserving these relics of a bygone era for future generations. It is ironic then, that the state which spawned these historic works of art is now looking to capitalize on their continued existence by increasing taxes and fees on them
Entire April Newsletter