From: MVTrucker@aol.com
Date: Wed Sep 24 2003 - 05:05:58 PDT
Joe,
The price paid that is shown on the Form 97 is the
amount that GL paid for the truck. It's my understanding
that the Feds get 80% of whatever GL sells the truck for.
GL compensates for this a little by adding the Buyers
Fee and no doubt pocketing the "sales tax" they collect.
The latter is mentioned because the GL invoices do not
show that the tax was paid to a particular state, only
that it was collected.
Joe Young
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