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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: CalculatedRisk who wrote (43653)10/17/2005 2:38:15 PM
From: ild  Read Replies (1) | Respond to of 110194
 
<<<usually there is a wave of tax appeals >>>

Tax appeals would come only from people who bought recently. I expect a bigger impact from lost sales tax revenue if the people will actually start spending less. Everyone buying $35K immediately pays $2,600 in sales tax.

EDIT: When I drive on streets and freeways I just don't see any old cars any more.


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