In 1980s the government imposed a sales tax on purchase of luxury cars. ?

brave32

The revenue collected from the tax equals the tax rate multiplied by total spending on such cars. There have been suggestions that the government could earn more tax revenue by increasing the tax rate on luxury cars. Would such an increase necessarily rays tax revenue? Explain.

Answer
If the elasticity of demand on luxury cars is less than 1, tax receipts would increase with a increase in the tax rate.

What are some classic cars like these?

the guy wh

Im looking to buy a classic car (65-80) so far i found these that i like. are there anyothers that are similar you can think of? all of these are foreign cars but i do like american too but im trying to stay in the 2k to 3k price range while still running i couldnt think of any popular american cars that would this cheap. i also wouldnt mind and actually would like to do some minor restore i also want a car where parts are not impossible to find. Paint and interior looks would be no concern also just running and minimum rust
Datsuns
Fiats
Opel Manta (my favorite) and gt
Lancia
Alfa Romeo gtv (also a favorite but way to expensive)

Answer
American cars such as the AMC Pacer, Dodge Dart/Plymouth Valiant, Rambler American,
are also good choices along with 1970s and 1980s 'personal luxury' cars like the Dodge Magnum coupe, Ford Thunderbird, Olds Cutlass or Pontiac Grand Prix.

The Opel Manta is harder to find parts for than are the GTs. The GT is a fun car and easy to restore (great on gas as well).

Lancias, Alfas and Fiats tend to be in the $4000-$6000 category for a nice drivable car without rust.

How about an Austin Marina or Triumph TR6 or TR7?

Powered by Yahoo! Answers