I don't think anything in the U.S. tax code is that simple and straightfoward. But I'm sure after it goes through the numerical "meat grinder", only a part of it actually comes off the taxes. I'm sure other charitable contributions and other deductions figure into it as well.

 

If I am correct, didn't the car get bought by the peterson museum? If so, they would have paid probably 1 million for the car as it is only going to sit for its entire life.

 

That's news to me. Where did you read that?

 

Clearly I just don't get it! I couldn't believe my eyes when it sold for 600 grand. Maybe someone needed a $550,000 tax write off. Then as I continued to watch a 70 Chevelle and a 70 Cuda each sold for over 1 million dollars. I guess there are still a few people out there with to much money on their hands. Sadly I'm not one of them.

 

Clearly I just don't get it! I couldn't believe my eyes when it sold for 600 grand. Maybe someone needed a $550,000 tax write off. Then as I continued to watch a 70 Chevelle and a 70 Cuda each sold for over 1 million dollars. I guess there are still a few people out there with to much money on their hands. Sadly I'm not one of them.

 

That's very hansome figure ! Think people the person that bought it has helped out Mr/Shelby's chairity and gets a sweet ride , and who knows if in the US that person gave to charity it just May be a write off