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Well not exactly. I once had a 1980 900. Original owner paid $9000 which yielded $450 to WI (5%). I bought the car in 1981 for $7500 and paid another 5% then sold the car 10 months later for $8000 and that seller paid another 5%. So the state got nearly 15% of the car's value in less than 24 mos. And there's no cap. Don't even get me started on our income tax system.
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