05/31/2021 (Mon) 06:18:39
I know this is not the first nor the second time I rant about this but the absurdity of it is honestly hilarious to me it's like something out of a monty python skit
I know boomers always say that but in this case it's fucking true
>average house is worth around $100k USD (very hard to define "average" in housing terms but this is just for reference anyway)
>average car is $20k USD before taxes (so around 1/5th of the value of a house)
>first tax to be applied is the import tax, in the case of imported cars, which adds a whopping 35% (!!) to the retail price on its own
>afterwards comes something called "statistical fee" (???) adding 3%
>next up is Argentina's universal flat tax, IVA, which for cars gets applied twice for some reason (spoiler alert, there's no valid reason), once at the normal rate of 21.5%, and then again at 20%. I believe this is what americans refer to as a "double whammy"
>now it starts to get really funny. the next tax is called "impuesto a las ganancias", meaning "income tax", which for some inexplicable reason is not only applied to actual income but to transactions as well
>next up are "internal taxes". this is just an unabashedly, embarrassingly greedy tax they came up with specifically for cars. it was meant to apply to premium/high end cars only, but since they've been deliberately slacking on updating the minimum price where it starts to apply and our inflation is crazy high, it now applies to everything other than the Dacias. this one's a banger, starting at 20%, and if the price of the vehicle exceeds the second limit they set (which is just as outdated as the first one), it jumps up to 35%. ANOTHER 35%, just like that
now who in this class wants to whip out their calculator and see how much the little basic sedan is worth compared to the house now?