Always seems like double taxation to me. When the equipment was bought new it was taxed. When resold, it was taxed again. Same goes for cars, auction items etc. A car could be taxed 3-4 times. Some states may also charge personal property tax on top of that. I pay no tax on farm items but then pay personal perperty tax, which is about the same but just paid over a few years. If I don't pay the personal property tax then I can't depreciate it on my taxes. No way will they ever change it.