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Old May 21, 2009 | 10:27 AM
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Display_Name
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Joined: Jun 2007
Posts: 394
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From: Central CT
Default Re: thinking about trading in car

You still have to pay the sales tax.

The sales tax one is merely a tax deduction, not a tax credit, so you only get back a portion of the sales tax equivalent to your marginal federal income tax rate, or a bit lower, if it pushes you into a lower bracket.
 
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