Off topic, but pertinent to us CT folk. Don't you think its a bit ridiculous that we have to pay almost 8% sales tax on any vehicle over $50K? Like the average transaction price of new cars has gone up so much over the past 10 years, but our tax laws haven't changed at all to reflect it. Similar to how our EV rebates has a $42K cap. This state gets a ton of tax money and waste it.
Nope. Sales tax isn't progressive in nature. It especially doesn't or shouldn't go the opposite direction as opposed to income tax. Sales tax shouldn't decrease simply because you're spending more money.
Maybe one shouldn't be stretching their financials in order to get a $70,000 truck..... Manufactures are able to ask $70,000 for a truck because the market has supported that price. If the market went, " I am not spending $70,000 for a truck", the price would drop. Consumers are their own worst enemy.