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im trying to figure out how much im goin to have to pay in excise taxes.
from the oklahoma state web site it says to take 3.25% of the purchase price which would be $11,500. Now I believe the tax rate here is like 6% if that has anything to do with anything.
"Excise taxes are taxes paid when purchases are made on a specific good, such as gasoline. Excise taxes are often included in the price of the product. There are also excise taxes on activities, such as on wagering or on highway usage by trucks. Excise Tax has several general excise tax programs. One of the major components of the excise program is motor fuel."
11500.00 X 3.25% = 373.75
11500.00 + 373.75 = 11873.75
11873.75 + 6% = 712.43
11873.75 + 712.43 = 12586.18
:thinkin: