LONDON — A car in Britain generates more money for the government in taxes than it does for anyone else during its lifetime, says a study by the British automotive industry association SMMT. The report “Who's Milking the Motor Car?” studied the theoretical life of a car about the size of a Ford Escort bought new in 1992 for US$11,800 plus tax and written off for US$1,000 after its sixth owner had an accident in 2000. During those years, the car generated US$16,514 in sales tax, road tax, ...
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